Gold & Silver 21 MARCs Project Bullish Period Beginning in Early-Oct ’23.
09-23-23 – “Gold & Silver are in a basing period as part of multi-month corrective phases from their cycle highs on May 3 – 5… Gold & Silver maintain the potential for a late-Sept/early-Oct advance that should carry them higher into multi-month cycles converging between mid-Oct & early-Nov ’23.
Consistent with what has been explained repeatedly the last few months, an accelerated advance is most likely at some time between mid-Sept & mid-Oct ’23. The 90/10 Rule of Cycles has consistently projected the majority of the next advance to occur in October ‘23.
Both metals set their highs 21 weeks ago. They plunged for the 3 weeks that immediately followed and then continued to decline for a total of 7 – 8 weeks. That means the weekly 21 MARCs will begin to plunge in early-Oct ’23 (21 weeks later).
Since that is the value being replaced in the calculation of the weekly 21 MAC – the highs and lows of 21 weeks prior – it means the 21 MAC will have a better chance (and need less of a current price rally) of turning back up… which often occurs just as a market is ready to accelerate higher.
In the coming week, Silver would have to exceed 26.95/SIZ (weekly 21 High MARC) to turn its weekly 21 High MAC up. However, on Oct 9 (-13), Silver would only need to exceed 24.93/SIZ (weekly 21 High MARC for that week) to do the same.
That level (21 High MARC) will continue to drop in Oct ’23, increasing the probability for an upside weekly 21 High MAC reversal. Since that is also occurring in the weeks leading into a multi-month cycle high, the chances improve Gold & Silver will see accelerated advances at that time… the 90/10 Rule of Cycles.
Those are reasons why this impending time period has been in focus for ~4 months – always described as the most likely time for the next accelerated advance in Gold & Silver.”
Gold & Silver produced 1 – 2 month highs in early-Sept, corroborating future cycle highs projected for early-Jan ‘24. They remain weak as they await bullish cycles that begin in early-Oct ‘23… and are expected to spur a sharp multi-week rally into early-Nov ’23.
The action since late-2022 is powerfully validating the onset of a new 40-Year Cycle of Currency War in which Gold & Silver possess unique potential for late-2023 – late-2024! The 90/10 Rule of Cycles in Gold continues to project a sharp advance in October ’23 – in the final weeks leading into a (potential) early-Nov ’23 peak. The weekly 21 MARCs concur.
Where are Metals Likely to Rally in 4Q ’23? Will Middle East War Cycles Have an Impact??
How Does 90/10 Rule of Cycles Project Sharp Rally in October ’23?
Why are early-Nov ’23 Cycle Highs the Key to 2024 Outlook?
Refer to the April 11, 2023 special issue of The Bridge – Gold, Silver and Elliott Wave Structure – and subsequent reports – for expanded analysis and charts.
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.