Gold & Silver Project Future Highs in Mid-Oct – Early-Nov ‘23.

08-17-23 – “Gold & Silver remain in a wide (intra-year) range of trading, tracing out a perceived bottoming process in 2023 before cycles and the expected wave structure turn more bullish in 2024 and beyond.  Fundamentals are also projected to turn more supportive in 2024 – as the Dollar & interest rates are expected to retreat.

The first (2023) multi-month peak in Gold & Silver was forecast to occur in early-May ’23.  A second (2023) multi-month peak has been forecast to subsequently occur in mid-Oct ’23 (Silver) to late-Oct/early-Nov ’23 (Gold).  An intervening multi-week high in late-Aug/early-Sept ’23 would corroborate that outlook.  The following recap reiterates this key analysis that should be kept as the primary focus for the coming months:

 

8-16-23 – “Gold & Silver remain in multi-month consolidation phases between their late-Feb/early-March ’23 lows and the subsequent cycle highs set on May 3 – 5…

A secondary peak arrived in mid-July, fulfilling a ~3-month/~90-degree Silver cycle from its mid-April & mid-Jan ’23 highs.  Those highs were preceded by lows in mid-Oct & mid-July ’22… and a high in mid-April ’22… a consistent string of ~3-month turning points. 

The mid-July ’23 high fulfilled a ~3-month/~90-degree low-low-high-high-(high) Cycle Progression and projects another high in mid-Oct ’23 (possibly diverging & preceding early-Nov highs in Gold). 

In the midst of these cycle highs, Gold & Silver have corrected into the convergence of multiple cycle lows… The focus remains on the potential for a future, more significant peak in late-Oct/early-Nov ‘23 – the next phase of a consistent ~9.5-month cycle that timed the March ‘22 peak and then the early-Jan ‘23 peak. It would also fulfill an over-arching ~19-month high-high-high-(high) Cycle Progression in Silver & complete a ~1-year/~360-degree advance in Gold.

The early-May ‘23 peak created a corroborating ~6-month/~180-degree low (early-Nov ‘22) – high (early-May ‘23) – high (early-Nov ‘23) Cycle Progression.  As is often the case, a large part of the next advance could occur toward the end of that cycle.”

 

8-14-23 – “Silver peaked in mid-July, fulfilling a ~3-month/~90-degree cycle from its mid-April & mid-Jan ’23 highs.  Those highs were preceded by lows in mid-Oct & mid-July ’22… and a high in mid-April ’22… a consistent string of ~3-month turning points. 

The mid-July ’23 high fulfilled a ~3-month/~90-degree low-low-high-high-(high) Cycle Progression and projects another high in mid-Oct ’23 (possibly diverging & preceding early-Nov highs in Gold).  Other highs could be seen in the interim, with early-Sept ’23 representing the approximate midpoint of that ~3-month cycle.”

 

8-12-23 – “Gold & Silver remain in multi-month consolidation phases between their late-Feb/early-March ’23 lows and the subsequent cycle highs set on May 3 – 5… Silver peaked in mid-July, fulfilling a ~3-month/~90-degree cycle from its mid-April & mid-Jan ’23 highs.  Those highs were preceded by lows in mid-Oct & mid-July ’22… and a high in mid-April ’22… a consistent string of ~3-month turning points. 

The mid-July ’23 high fulfilled a ~3-month/~90-degree low-low-high-high-(high) Cycle Progression and projects another high in mid-Oct ’23 (possibly diverging & preceding early-Nov highs in Gold)…”

 

8-09-23 – “Leading into this, Silver peaked in mid-July, fulfilling a ~3-month/~90-degree cycle from its mid-April & mid-Jan ’23 highs.  Those highs were preceded by lows in mid-Oct & mid-July ’22… and a high in mid-April ’22… a consistent string of ~3-month turning points. 

The mid-July ’23 high fulfilled a ~3-month/~90-degree low-low-high-high-(high) Cycle Progression and projects another high in mid-Oct ’23 (possibly diverging & preceding early-Nov highs in Gold).”

 

8-05-23 – “The focus remains on the potential for a more significant peak in late-Oct/early-Nov ‘23 – the next phase of a consistent ~9.5-month cycle that timed the March ‘22 peak and then the early-Jan ‘23 peak.  It would also fulfill an over-arching ~19-month high-high-high-(high) Cycle Progression in Silver & complete a ~1-year/~360-degree advance in Gold.”

 

8-02-23 – “Those highs fulfilled ~3-month low-high-(high) & ~4-month low-high-(high) Cycle Progressions and reinforced the focus on late-Oct/early-Nov ’23 for the next multi-month peaks – what could be the culmination of a major rally, leading into then.

A peak in late-Oct/early-Nov ‘23 would perpetuate a consistent ~9.5-month cycle that timed the March ‘22 peak and then the early-Jan ‘23 peak.  It would also fulfill an over-arching ~19-month high-high-high-(high) Cycle Progression in Silver & complete a ~1-year/~360-degree advance in Gold.

Silver initially peaked in mid-July, perpetuating a ~3-month/~90-degree cycle from its mid-April & mid-Jan ’23 highs.  Those highs were preceded by lows in mid-Oct & mid-July ’22… and a high in mid-April ’22… a consistent string of ~3-month turning points. 

The mid-July ’23 high fulfilled a ~3-month/~90-degree low-low-high-high-(high) Cycle Progression and projects another high in mid-Oct ’23 (possibly diverging & preceding early-Nov highs in Gold).”

 

7-31-23 – “Part of that basing period involves two multi-month cycle peaks – one in early-May ‘23 and then a subsequent one in mid-Oct – early-Nov ‘23 as Silver begins to enter its ’sweet spot’.  

(Silver is showing it will likely peak in mid-October ‘23 while Gold would likely stretch a corresponding peak into late-Oct/early-Nov ‘23.  If fulfilled, those highs would corroborate crucial cycles in 2024.)

All of this potential 2023 action is likely just the ‘opening act’ for what is expected in 2024 & 2025 (and potentially into 2028/2029), when the real ramifications of this new Currency War are scheduled to take hold…

Silver may have just completed a 1 – 2 week correction after initially peaking in mid-July and perpetuating a ~3-month/~90-degree cycle from its mid-April & mid-Jan ’23 highs. 

Those highs were preceded by lows in mid-Oct & mid-July 14, ’22… and a high in mid-April ’22… a consistent string of ~3-month turning points. 

The mid-July ’23 high fulfilled a ~3-month/~90-degree low-low-high-high-(high) Cycle Progression and projects another high in mid-Oct ’23.  Other highs could be seen in the interim… 

Multiple weekly cycles focus on mid-Oct through early-Nov ‘23 as the most likely time for the next 1 – 2 month peak in Gold & Silver.  Silver is likely to peak first – ideally in mid-October ‘23 when the greatest synergy of weekly cycles appears – and be followed by Gold, which is more likely to peak in late-Oct/early-Nov ‘23 after a sharp, multi-week surge.  The strongest advances are still expected to wait until 2024/2025”

 

7-29-23 – “Silver peaked in mid-July, perpetuating a ~3-month/~90-degree cycle from its mid-April & mid-Jan ’23 highs.  Those highs were preceded by lows in mid-Oct & mid-July 14, ’22… and a high in mid-April ’22… a consistent string of ~3-month turning points.

The mid-July ’23 high fulfilled a ~3-month/~90-degree low-low-high-high-(high) Cycle Progression and projects another high in mid-Oct ’23 (possibly diverging & preceding early-Nov highs in Gold)  Other highs could be seen in the interim.”

 

Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.