Gold/Silver Consolidate as Platinum, Palladium & Copper Validate Cycle Lows.
01-11-25 – “The Dollar Index remains bullish and on track for an overall rally into – and a multi-month top during – January ’25… when a new multi-month decline is expected to take hold. This comes after it set a 3 – 6 month (or longer) low in late-September ’24 low – the latest phase of a ~3.25-year/~39 – 40 month cycle that has governed the Dollar Index for 3 – 4 decades.
The Dollar Index has initially fulfilled this upside potential but could wait until mid-January before setting a final peak. A peak in the coming week would complete back-to-back advances of equal duration (16 weeks each) while perpetuating an ~8-week cycle that has created a low-low-high-low-high Cycle Sequence and could create a successive high on January 10 – 17,’25.
The Euro is negative and is fulfilling the outlook for an overall decline into January ’25, when a multi-month low is most likely. A low at any time in this 2-month period would perpetuate a 28 – 29-month high-high-low-low-(low; Jan/Feb ’25) Cycle Progression.
Since mid-June, the Euro has also adhered to a ~5-week cycle – creating a ~5-week low-high-high-high-high-high Cycle Progression with the latest phase fulfilled at the Dec 6th peak. That has spurred a ~5-week decline into the current time frame (Jan 6 – 13, ’25) – when a multi-week low is a higher probability…
Gold and Silver remain in corrective phases that began after they fulfilled multi-month cycle highs in late-October ’24… The late-Oct ’24 cycle highs included an uncanny ~12.5 month/~54-week high-high-low (Aug ’21) – low (Sept ’22) – low (Oct ’23) – (high; late-Oct 2024) Cycle Progression that was expected to usher in a 3 – 6 month top while – at the same time – projecting a future larger-magnitude peak for October/November 2025.
During this corrective phase, Gold has neutralized its weekly uptrend multiple times but would not turn that trend down until a weekly close below 2565/GCG. Silver turned its weekly trend down, reinforcing the likelihood for an overall decline into January ‘25.
On an intermediate basis, the early-Dec highs completed ‘b’ wave rallies and projected ‘c’ wave declines of an overriding ‘IV’ wave correction… Gold & Silver extended their rebounds and turned their intra-month trends up, projecting rallies to monthly resistance levels…
Platinum & Palladium are rallying to begin the year, in sync with the fundamentals discussed in recent months. This rally took hold immediately after Platinum spiked down to its Feb ’24 low and then reversed higher, completing a weekly 2 Close Reversal higher on January 3rd.
The recent action is initially validating crucial cycles that also turn bullish in January 2025 and could spur the onset of a new multi-month rally. Platinum is reinforcing cycles and wave timing targets that converge in June/July 2025 and could time an important peak (after a strong advance).
Copper rallied sharply after retesting its early-August ’24 low (~4.000/HGH) and fulfilling its weekly trend pattern. That set the stage for a multi-week low that could spur a rally back to ~4.500/HGH or above.”
Gold, Silver & XAU are preparing for new rallies in 2025 as Gold remains in a positive weekly trend (Silver turned down), reinforcing the outlook for a new advance in 2025 and a future peak in 4Q ’25 – as described in past months…
11-23-24 – “Gold has neutralized its weekly uptrend multiple times and would not turn that trend down until a weekly close below 2541/GCZ.
As long as that does not occur, Gold is poised to enter a new wave higher… That would pave the way for a wave ‘5’/’V’ advance into (at least) Oct/Nov 2025. The similar-magnitude decline in Gold corroborates that wave potential.” — Nov 23, 2024 Weekly Re-Lay
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 and projected a multi-year bull market to follow…
Outlook 2022/23: A New Currency War Begins
Outlook 2023: A New Currency War & Inflation
40-Year Cycle – Dollar Dominion, Dilemma & Demise
The late-October ’24 high reinforces future Gold cycle highs in early-May & early-Nov ’25 while the weekly trend pattern corroborates that Gold remains in an overall uptrend.
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