Gold/Silver Confirming Major Cycle Lows; Rally into 1Q ’23 Cycles on Track.
12/17/22 Weekly Re-Lay – “Gold & Silver fulfilled the outlook for another rally into mid-Dec ‘22 and up to their primary upside targets – for these 1 – 2 month advances – at 1835 – 1845/GCG and ~24.50/SIH. That was projected to spur a brief pullback – which took hold – before a subsequent (likely) rally into late-Dec/early-Jan.
If it rallies into late-Dec, Gold would fulfill a 41 – 42-week high-high-high-(high) Cycle Progression. Silver is similar, expected to stretch its advance into Dec 30 – Jan 6, ’23 – the latest phase of a ~6-week high-high-high-high-low-low-low-low-(high) Cycle Progression that timed the early-Sept ’22 major low and subsequent Oct 14 and Nov 21 lows.
That ~6-week cycle should now invert and time a ~6-week (most current phases have ranged from 39 – 42 days) rally into Dec 30 – Jan 6, ’23.
In the interim, an intervening high was anticipated this past week – the midpoint of that cycle. That was set and reinforced that ~6-week cycle by creating a peak during the latest phase of a corroborating ~3-week/17 – 21-day low-low-low-low-(high) Cycle Progression. That projects a subsequent high ~3 weeks later – on Dec. 30 – Jan 6, ’23…
They continue to build the case for a major low being set – in Sept ’22 for Silver and 4Q ’22 (Nov ’22) in Gold – the early stages of what could be a new 6 – 12 month (possibly 1 – 2 year) advance.
On a 3 – 6 month basis, Gold has been building an intriguing synergy of cycles – most projecting a high – in late-Feb/early-Mar ’23… the precise time cycles converged in 2022 & timed a decisive peak. If Gold sets a subsequent peak at that time (Feb 27 – Mar 10, ’23), it would perpetuate a 51- 52-week low-low-high-(high) Cycle Progression & complete a 50% rebound in time (34 wks down/17 wks up).
If it fulfills near-term cycles… that would be the midpoint of a (potential) ~17-week rally and create a corroborating ~2-month low-high-(high) Cycle Progression targeting late-Feb/early-Mar ’23.
A peak at that time would also reinforce multi-year cycles that come into play later in 2023 – when a more significant peak is most likely. To reiterate, both Gold & Silver could ultimately surge much higher as confirmation to the outlook for a new 6 – 12 month advance from late-’22 into late-’23.
The Nov ’22 INSIIDE Track reiterated this potential and why the early-Sept ’22 low in Silver was likely a major ‘B’ wave low before a 1 – 2 year ‘C’ wave rally…
Copper remains capable of seeing an overall advance to ~4.100/HG and is likely to stretch this multi-month advance into early-Jan ’23 – the next phase of a ~10-month high-high-high-(high) Cycle Progression… and the time when Gold & Silver could set corresponding highs.”
Gold & Silver are reinforcing the outlook for an overall advance into 1Q ’23 with the potential to surge as high as 1825/GC & 24.50 – 25.00/SI before the end of 2022. (That is projected to be the first multi-month rally as part of a larger, overall advance from major cycle lows in Sept & Nov ‘22.) Silver cycles portend a new rally into (at least) Jan 3 – 6, ’23. Gold is confirming a 3 – 6 month (or longer) bottom and could surge above 1900/GC into 1Q ’23.
Copper and Platinum are showing similar signs of developing strength and should rally into at least Jan ‘23.
What Would 2022 Test of 1825/GC & 24.50/SIH Mean for 2023?
Will Platinum AND Copper Surge with Silver… into early-Jan ‘23?
What About Gold… and its Outlook into Late-‘23?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.