Gold, Silver & XAU Project 2nd Drop into Mid-Sept ’26; Reinforce Late-August ’26 Peak.
09-09-26 – “Energy markets and the GSCI (Goldman Sachs Commodity Index… heavily weighted in energy) are spiking higher into the culmination of multiple cycles & Cycle Progressions that are most synergistic this week – Sept 8 – 11, ’26.
This is in precise sync with the overall outlook for a major inflationary surge in 2026, potentially stretching into April/May 2027. Multiple cycles that timed the Dec ’25 lows and projected related surges in oil & commodity inflation for 2026 are again converging now – in the first half of September ’26.
One of the larger ones is an intriguing ~8-month low (early-Jan ‘24) – low (early-Sept ‘24) – low (early-May ‘25) – low (early-Jan ‘26) Cycle Progression that helped pinpoint the onset of this 2026 surge in oil prices… while projecting an overall advance into early-Sept ‘26. If fulfilled, that would project a future high in ~May ’27 – the next phase of that ~8-month Cycle Progression.
Another related Cycle Progression involves the ~18-week Cycle Progression in the GSCI that was fulfilled in late-April ‘26 and projected a future peak at this time frame (Aug 31 – Sept 11, ‘26). Several commodities are already signaling intermediate tops.
Corroborating that is an intermediate, ~5-week low (May 29) – low (July 2) – low (Aug 5) – (high; Sept 8 – 11, ’26) and an over-arching 10 – 11-week low (Nov ’25) – low (Feb ’26) – low (April ’26) – low (Jun/July ’26) – (high; Sept 8 – 14, ’26) Cycle Progression.
The bottom line is that the period of Sept 8 – 11, ‘26 is a likely time for a multi-week (or longer) peak in many inflationary markets… a factor that could impact interest rates in the final ~4 months of 2026…
Gold & Silver have consolidated after surging into the final week of Aug ’26 – when Cycle Progressions projected a multi-week peak to take hold and spur a sharp pullback after Gold & Silver had also attacked upside price targets, where a peak was most likely.
Both Gold & Silver are tracing out negative daily 21 MAC reversal sequences, although Gold is in the relatively-weaker structure on that basis. That could spur a second decline into next week (Sept 14 – 18, ’25) – when multiple timing indicators align.
There is some divergence with Silver just turning its intra-month trend up while rallying to weekly resistance. It is possible that Gold turns its intra-month trend down (with a daily close below 4329/GCZ) and spikes lower into next week… while Silver retraces to its early-month low but does not close below it – validating both intra-month trend signals…
The XAU & HUI have also retreated after surging into late-August and fulfilling almost all of what was projected from their mid-July ’26 lows. The July lows fulfilled analysis for a multi-month low to take hold – when a 19 – 20-week high-high-high-(low) & ~10-week high-high-high-high-(low) Cycle Progression converged with a contrasting ~9-week/~2-month low-low-high-high-low Cycle Sequence.
That projected initial rallies of 5 – 6 weeks, ideally stretching into August 25/26th. They topped on Aug 25th… Combined with weekly Cycle Progressions (~9-week & ~10-week & mid-point of ~19-week) and a 50% time retracement, that weekly HLS would ideally result in a low on Sept 14 – 18, ’26.
An initial drop to 377 – 380/XAU is still considered likely… with a more convincing convergence of support (& downside targets) at ~360 – 363/XAU.” TRADING INVOLVES SUBSTANTIAL RISK!!
Gold & Silver, Platinum & Palladium and the XAU & HUI surged into late-August ‘26 and to multiple upside targets – fulfilling the upside potential for that multi-week advance and identifying the ideal time for a multi-week or multi-month peak to take hold.
A late-August top was expected to trigger a sharp sell-off in September, in line with Silver’s weekly trend that failed to turn up. It is also in line with the uncanny ~15-week Cycle Progression in Silver. A second (lower) low is likely around mid-Sept ’26.
8-26-26 – “A myriad of signals identified late-July ‘26 as the most likely time for the onset of an accelerated rally in precious metals… a rally that could initially extend into late-August… Gold, Silver, Platinum & Palladium generated a series of convincing buy signals in mid-to-late-July…
Silver has related targets & decision points at 70.80 – 72.80/SIU… Silver has weekly cycles converging at this time and a high on Aug 21 – 28, ’26 would fulfill a ~15-week low-high-high-high-(high; Aug 21 – 28, ’26) Cycle Progression… The XAU & HUI also surged into late-August, fulfilling almost all of what was projected from their mid-July ’26 lows…”
All this remains in the context of the unfolding scenarios projected for 2022 – 2028/2029, with Gold & Silver fulfilling their projected surges into late-August ’26 and corroborating expectations for 4Q 2026 & 1Q 2027… including the timing and extent of the next (likely) rally in Gold & Silver after a ‘sharp’ September sell-off.
TRADING INVOLVES SUBSTANTIAL RISK!
See current Weekly Re-Lay & INSIIDE Track publications for the most updated analysis.