Gold & Silver Entering Time (Late-Oct Cycle Peak) for Multi-Month Top.
10-19-24 – “Gold & Silver are fulfilling projections for surges into the second half of October… Gold & Silver rallied strongly after dropping to their rising daily 21 Low MACs on October 11th, 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 Silver targeting its weekly LHR – the extreme upside target for this past week – at 34.03/SIZ. It reached 33.97/SIZ on Friday, effectively fulfilling that upside objective.
That also fulfilled expectations for Silver to attack ~34.00/SIZ, its upside range-trading target that coincide with the monthly Raw SPR in October (33.96/SIZ). And, it fulfilled the ideal objective for a wave ‘v’ of ‘5’ of ‘III’ wave peak.
Gold created a weekly 2 Close Reversal higher on October 11th, showing new strength and reinforcing the outlook for an overall advance into the second half of October ‘24 – 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 2024) Cycle Progression. The related ~54-week cycle and a related 27-week low-high-(high) Cycle Progression peak now…
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.
A peak at any time in the coming week(s) would corroborate the outlook into October 2025…
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 that helped corroborate the weekly HLS and project a new 1 – 2 month low around October 9th.
That reinforced the potential for the XAU to rally above 171.00 in October, which has just been fulfilled as it attacks monthly resistance. A multi-week top could take hold at any time.”
Gold & Silver (as well as XAU & HUI) are entering 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.