Gold & Silver Trigger 1 – 2 Week Bullish Signals… Project Rally into late-Oct. Cycle Peak.
10-12-24 – “Gold & Silver could rally into late-Oct… Gold & Silver dropped to their rising daily 21 Low MACs 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)… a bullish setup.
That projected a new advance to follow with Silver targeted to reach (at least) ~34.00/SIZ – its upside range-trading target. That coincides with the coming week’s LHR (34.03/SIZ) and the monthly Raw SPR in October (33.96/SIZ).
Gold created a weekly 2 Close Reversal higher, showing new strength and increasing the likelihood for an overall advance into late-October – the next phase of an ongoing ~1-year/~12.5-month high-high-low (Aug ’21) – low (Sept ’22) – low (Oct ’23) – (high; late-Oct/early-Nov 2024) Cycle Progression that has timed many of Gold’s most significant turning points…
At the same time, Silver is reinforcing the likelihood for a wave ‘v’ of ‘5’ of ‘III’ wave peak… 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.”
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 rally 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.