Gold Warns of Looming Trouble; Projects Initial Surge into Dec 4th and to ~2152/GCG!
11-29-23 – The Golden Canary: “The fulfillment of Middle East War Cycles, in October 2023, was just the latest validation to the outlook for 2023 – 2025. Reinforcing these geopolitical cycles has been the action and analysis for Gold & Silver. In many ways, Gold acts as the proverbial ‘canary in the coal mine’ – warning of looming turmoil before it occurs. That is the focus of this issue.
In mid-2001, Gold set a secondary low (primary low was Sept 1999) as Silver was setting a major low – with both projecting a multi-year advance to follow. The events of 9/11 soon followed and validated that outlook. In late-2008, Gold’s 7-Year Cycle returned & projected another multi-year surge. A global economic meltdown ensued.
In late-2015, that same 7-Year Cycle ushered in what was forecast to be a new 3 – 5 year and 5 – 10-year advance in Gold… following its longest decline since the 1990’s. That began a new Major rally – similar to the one that began in late-1999.
Just as the late-2008 low timed a secondary bottom before an accelerated ~3-year surge, the late-2022 low – the latest 7-Year Cycle – timed a secondary low in this new bull market… and could be followed by a ~3-year surge into late-2025.
Solar Polar (~22-Year) Cycle…
The most well-known sunspot cycle is the ~11.2-Year Cycle – the average time frame between peaks or troughs in the overall Sunspot Cycle. Due to the magnetic nature of those sunspots, however, that is only half of a full Solar Cycle. During one Sunspot Cycle, those solar storms have a single polarity. During the ensuing Sunspot Cycle, they shift to the opposite polarity.
As a result, it takes a full ~22-Year Cycle (what I call the ‘Solar Polar Cycle’) for sunspots to complete an overall phase of explosiveness. As detailed for the past couple decades, and emphasized again in late-2022 (see HCP diagram), that ‘explosiveness’ is also felt on Earth – particularly in the Middle East – as much as it is on the Sun.
The return of the related ~22-Year Cycle of Middle East Upheaval (‘explosions’) is likely a harbinger of a related intensification of actual sunspots and solar storms – that have been forecast to spike in late-2023 through late-2024.
Mass psychological instability on Earth is often a reflection of underlying instability below the surface (tectonic instability) and outside our atmosphere (solar instability). Since this has long been the time projected to see a surge in solar & volcanic eruptions, this geopolitical instability fits perfect. And Gold is corroborating as it steadily validates analysis for a breakout surge. Hang on tight!…
Silver is fulfilling the potential for another accelerated advance in the weeks surrounding Nov 20 – 24, ’23 – the likely time for its weekly 21 MAC to turn up (due partially to the declining 21 MARC).
Gold was in a similar situation after spiking down to its weekly 21 Low MAC (see chart on page 6). Both turned their weekly 21 MACs up last week, fulfilling this pattern and increasing bullish pressure for the weeks (and months) that follow.
That is what had been necessary to trigger a second accelerated advance in Gold… A Gold surge to ~2152/GCG would create equal-magnitude rallies from the early-Oct ’23 multi-month cycle low. If this rally extends into – and peaks on – December 4 – 8, 23, Gold would fulfill a ~31-week low-high-(high) Cycle Progression from its 2022 low AND complete equal-duration rallies from the early-Oct ’23 cycle low.
On the whole, Gold & Silver continue to reinforce analysis that projected major, multi-year lows to take hold in late-2022 and lead to a series of highs during the initial phases of what has been forecast to be a larger-magnitude advance.”
Gold & Silver are fulfilling ongoing projections for a second sharp multi-week rally in 4Q ’23, projected to stretch into early-December ’23 (Dec 4th would fulfill greatest synergy of cycles) & create a Gold spike above its early-May ’23 peak (2152/GCG = ideal target) – where other upside targets converge. If fulfilled, that would have a powerful impact on other key markets that have been discussed in related analysis.
The action since late-2022 is powerfully validating the onset of a new 40-Year Cycle of Currency War in which Gold & Silver possess unique potential for late-2023 – late-2024! This should have a dramatic impact on the US Dollar and could coincide with a pullback in interest rates. Early-December could/should provide the next corroboration to that outlook. Gold is acting as the ‘Canary in the Coal Mine’.
Why Should Gold Attack 2152/GCG on ~December 4, ‘23?
How Does Developing Surge Reinforce 2024/2025 Outlook?
How Does Gold Movement Portend Related Shocks in Other Key Markets??
Refer to the April 11, 2023 special issue of The Bridge – Gold, Silver and Elliott Wave Structure – and subsequent reports – for expanded analysis and charts as well as discussion on why, how & when Gold is most likely to break out to the upside following a multi-year ‘flat correction’.
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.