Gold & Silver Approaching Time (Late-Oct Cycle Peak) for Multi-Month Top.
10-16-24 – “Gold & Silver rallied, with Gold attacking its high, after dropping to their rising daily 21 Low MACs with Silver maintaining its positive daily trend structure while retracing 50% of its Sept/Oct rally and bottoming where it previously peaked in late-August (resistance turned into support and decisive range-trading support at ~30.50/SIZ).
That projected a new advance to follow with Gold now nearing its weekly Raw SPR and LHR… Gold is fulfilling the 6 – 12-month outlook for an advance into the second half of October – the latest phase of an ongoing ~1-year/~12.5-month high-high-low (Aug ’21) – low (Sept ’22) – low (Oct ’23) – (high; late-Oct/early-Nov 2024) Cycle Progression that has timed many of Gold’s most significant turning points…
However, with both metals now entering a multi-week period when a major top is most likely, price action needs to clarify exactly when and where those peaks (and reversals lower) are taking hold. It could now occur at any time.
Metals continue to reinforce analysis that projected major, multi-year lows to take hold in late-2022 and lead to a multi-year advance. That has been unfolding since then. Ultimately, these trends and cycles could spur higher prices into 2027 – when major cycles converge.
The XAU & HUI rallied from their October 9th lows – the latest phase of a ~1-month/23 trading day low (July 2) – low (August 5) – low (Sept 6) – (low; October 9) Cycle Progression.”
Gold & Silver (as well as XAU & HUI) are nearing the time when a multi-month peak is most likely. Ideally, that would occur in the second half of October ’24 and usher in a multi-month correction.
The 40-Year Cycle of Currency War continues to impact Gold and its relationship to the US Dollar. Gold fulfilled major cycles in Sept/Oct 2022 when it perpetuated a 7-Year Cycle of consistent lows (2001 – 2008 – 2015 – 2022) that coincided with the onset of a new 40-Year Cycle of Currency War AND 80-Year Cycle of War…
Outlook 2022/23: A New Currency War Begins
Outlook 2023: A New Currency War & Inflation
40-Year Cycle – Dollar Dominion, Dilemma & Demise
Late-2023 was projected to reaffirm this analysis when Middle East War Cycles were projected to reignite (in October 2023… exactly when war broke out)…
Middle East War Cycles Collide in Late-2023
In the subsequent months, Gold powerfully validated that cycle and projected a breakout surge in the months/year to follow the early-October 2023 low…
Solar, Seismic & Gold Intensity Cycles
All that sets the stage for what has been projected for Gold (as well as the US Dollar, Bitcoin, etc.) in 4Q 2024… and throughout 2025. The current phase of that outlook should spur a final peak (for 2024) in Gold – leading into late-October 2024 when multi-month & multi-year cycles converge. That will likely time a 3 – 6 month peak and a November/December ’24 correction in Gold & Silver. What then?
See current publications for the most updated analysis.
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.