Gold & Silver Reinforce 40YC Currency War; Project Initial Surges into Late-August!
08-05-26 – 40YC Currency War – The Golden Phase Validated – “Gold & the White Metals are surging after fulfilling 3 – 6-month downside objectives and providing textbook monthly chart buy signals at their July ’26 lows.
As discussed repeatedly in July, a major correction often returns to the rising monthly 21 High MAC – a pivotal level of steeply ascending support – during the accelerated portion of a larger-magnitude uptrend.
In the ideal scenario, that correction will culminate after the sell-off has triggered a pair of neutral signals against the prevailing monthly uptrend – preparing for a 3 – 6-month bottom and the onset of a new advance.
That is what occurred in Gold as it spiked down to that rising monthly 21 High MAC and quickly reversed higher from that ascending support. Other factors – like weekly & monthly Cycle Progressions, HLS levels, etc. – helped corroborate that buy signal in July ‘26.
Gold traced out a perfect example of the textbook scenario, retracing to its rising monthly 21 High MAC (~3970/GC on continuous contract) while neutralizing its monthly uptrend AND retracing right to its 4th wave of lesser degree support – the overall downside target and support for this multi-month decline. The GLD ETF concurred, bottoming at its monthly 21 High MAC.
Silver dropped far enough to attack its rising monthly 21 High MAC although it had not neutralized its monthly uptrend, showing underlying strength. All of those signals identified late-July ‘26 as the onset of the ‘time for a substantial rally in metals!’
There was a great deal of synergy involved in this conclusion, not the least of which was/is weekly Cycle Progressions in Gold, Silver & Platinum (each different – adding a level of credibility and synergy via ‘non-correlation’) converging in mid-2026.
In the case of Gold, one factor was the intervening movement of its ~9-month Cycle Progression and the likelihood for a related bottom in mid-July ’26… and a subsequent surge into 4Q ’26.
In late-Jan ’26, it fulfilled the latest phase of a 40-week low (Oct ’23) – high (July 15 – 19, ’24) – high (April 21 – 25, 25) – high (Jan 26 – 30, ’26) – (high; Nov 2 – 6, ’26) Cycle Progression… that projected the ensuing phase to peak in early-Nov ’26.
That remains the case and was powerfully validated when Gold fulfilled expectations for July ’26.
Why?
With the late-Jan – late-Oct/early-Nov ’26 cycle being the 4th (final?) high-high in this overall Cycle Progression, the intervening decline is expected to consume .618 – .667 of the overall ~40-week cycle.
That projected a mid-July ’26 low, setting the stage for a .618 time rally of that ~5.5-month decline – into the late-Oct/early-Nov ’26 time period. Those multi-month timing factors in Gold reinforced multi-year ones in Silver, also bottoming in July ‘26…
Silver fulfilled the midpoint of a ~2.5-year/~30-month low (March ’20) – low (Sept ’22) – low (April ’25) – (low/high; Sept/Oct ’27) Cycle Progression that is likely to time the next 6 – 12-month peak in Sept/Oct ‘27. An intervening high in ~Oct ’26 would corroborate that longer-term Cycle Progression.
The midpoint of that ~30-month Cycle Progression was the latest phase of a ~14 – 15-month low (Jan/Feb ’24) – low (Apr ’25) – (low; June/July ’26) Cycle Progression that also projected a low in late-June – mid-July ’26 and would likely project an overall rally into Sept/Oct ’27 (it’s next phase).
Wave symmetry concurred.
Silver experienced 5 declines of approximately 6 months in duration – since mid-2019. They included the declines of Sept ’19 – March ’20, Feb ’21 – Sept ’21, March ’22 – Sept ’22, April ’23 – Oct ’23 and Oct ’24 – April ’25. A 6th decline of similar duration projected a low in July ’26.
There were also intermediate (multi-week) timing indicators aligning.
Gold dropped to a new intra-year low in late-June, fulfilling an ~11-week high-high-high-(low; June 29 – July 2, ’26) Cycle Progression while providing another intra-week spike below its Oct ’25 low (4th wave of lesser degree)… all setting the stage for a multi-month rally to begin taking hold.
All of that was reinforced by other white metals…
Platinum & Palladium corroborated that outlook with Platinum fulfilling a ~7-month/31 – 32-week low (Sept 2 – 6, ‘24) – low (April 7 – 11, ’25) – low (Nov 17 – 21, ’25) – (low; June 29 – July 2, ’26) Cycle Progression – that projects a minimum ~16-week rally (50% of 32-week cycle) into Oct 19 – 23, ’26.
Ideally, that would only be part of a full ~32-week rally – since that Cycle Progression is at the likely inversion stage – into Feb 8 – 12, ’27.
All of this was preceding a major fundamental move (another) by China in July ‘26, as they seek to play a much larger role in the pricing of Gold. The handwriting was – and still is – on the wall!
Gold, Silver, Platinum & Palladium generated a series of new buy signals in mid-to-late-July, increasing the likelihood for a new surge to take hold in August ‘26. The action of this week is powerfully affirming that analysis and reinforcing related projections for the coming weeks & months….
The Dollar Index sold off sharply after retesting (but remaining below) its late-June peak. It quickly signaled a higher magnitude (1 – 2-month) top is in place and immediately plunged to the convergence of its 3 latest weekly HLS levels (weekly extreme downside targets) at 99.22 – 99.78/DXU… closing last week at 99.78/DXU.
That plunge came right after the Dollar fulfilled its ~5-week/33 – 35-day low (April 17) – high (May 20) – high (June 24) – (high; July 27 – 29, ‘26) Cycle Progression and, in doing so, projected a subsequent decline of at least ~3 weeks.
The next levels of confirmation would come on [reserved for subscribers]…
Bitcoin & Ether continue to slowly gain ground, increasing the potential this rally will stretch into [reserved for subscribers]…
Gold & Silver are surging in line with expectations for August ’26 and the fulfillment of a myriad of weekly, monthly and multi-year Cycle Progression lows in July ‘26.
Those lows fulfilled weekly HLS indicators & gave reinforcement to prevailing wave analysis that the recent decline (since mid-April ’26) is still a corrective one that is likely a ‘C’ wave… and primed Gold & Silver for a new surge beginning in late-July ‘26.
Gold could easily see an initial surge to [reserved for subscribers] – the first critical decision point for this new rally. Silver has related targets & decision points at 70.80 – 72.10/SIU.
2 – 4 week & 1 – 3 month traders could have entered long positions in Dec Gold & Sept Silver futures at 4054 – 4130/GCZ & 56.87 – 58.90/SIU – in line with the published trading strategies in July ‘26. Risk/exit on daily closes below the August 3rd lows. TRADING INVOLVES SUBSTANTIAL RISK!
The XAU & HUI are also surging after declining from mid-May cycle highs into mid-July and fulfilling their weekly trend patterns. That set the stage for a multi-month low as they attacked rising monthly 21 High MACs.
They stretched their declines into July 17th, fulfilling a ~1-month/~30-degree high (Apr 17) – high (May 13) – high (June 17) – (low; July 17, ’26) Cycle Progression and intra-month downtrends.
At the same time, they fulfilled a 19 – 20-week high-high-high-(low) and a ~10-week high-high-high-high-(low) Cycle Progression… indicating that at least a ~5-week rally should follow.
Initially, that could spur a rally into late-Aug/early-Sept ’26 (corroborating related Silver cycles). Initial (1 – 2 week) upside targets are near 375.0/XAU.”
Gold & Silver, Platinum & Palladium and the XAU & HUI fulfilled analysis for a multi-month drop into July ’26 – when a decisive, multi-month bottom was/is projected. That decline was/is still perceived to be an ‘A-B-C’ correction (of an over-arching multi-year uptrend), with the terminal ‘C’ wave forming a bottom while ushering in the next phase of the 40-Year Cycle of Currency War. A new surge is now very likely!
Late-June/early-July ’26 is/was the ideal time for the start of a multi-week bottoming process, with Gold leading the way. The XAU corroborated with mid-July ’26 cycle lows. Silver & the white metals followed. Late-July/early-August ’26 was/is the most likely time for a new surge to take hold as part of Gold’s projected multi-month advance from its June 30, ’26 low. Copper projects an imminent surge to new all-time highs! An initial rally into late-August ’26 is expected in all these metal-related markets.
All this remains in the context of the unfolding scenarios projected for 2022 – 2028/2029, with Gold & Silver nearing a transition into the next phase of their over-riding outlook. If they begin a new surge in late-July/early-August ’26, that would powerfully corroborate projections for 3Q & 4Q 2026… as well as analysis for 2026 – 2029! Analysis for the US Dollar & Forex, Interest Rates, Stock Indexes and Bitcoin/cryptos concurs. TRADING INVOLVES SUBSTANTIAL RISK!
See current Weekly Re-Lay & INSIIDE Track publications for the most updated analysis.