Silver Signals Final Spike Low in Sept; October Surge into (at least) Mid-Oct ’23!
09-14-23 – “Gold & Silver remain in multi-month corrective phases from their cycle highs on May 3 – 5. Those highs fulfilled ~3-month low-high-(high) & ~4-month low-low-high-(high) Cycle Progressions and were projected to usher in a corrective phase… That was recently fulfilled but a reversal higher has not yet been signaled… Silver’s monthly cycles allow for a final spike low…
Silver recently peaked during the week of Aug 28 – Sept 1, perpetuating a ~17 (16 – 18)-week low-low-high-high-(high) Cycle Progression that reinforces the future cycle peak in Jan ’24 (next phase of that ~17-week cycle is Dec 26 – Jan 5, ’24) while timing a multi-week peak.
That has spurred a drop back to its mid-Aug low, which needs to hold. Looking ahead, the focus remains on the potential for a future, 1 – 2 month 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.
Gold & Silver maintain the potential for a late-Sept/early-Oct advance that should carry them higher into multi-month cycles converging between mid-Oct and early-Nov ’23.
(The former cycles are more pronounced in Silver while the latter are more synergistic in Gold.)
As explained repeatedly, the weekly 21 MARCs and other price/timing indicators do not usher in a potentially bullish period until after mid-Sept ’23, at the very earliest. An accelerated advance is most likely at some time between mid-Sept & mid-Oct ’23, based on those indicators.
That is also the most likely time for a strong rally in line with the 90/10 Rule of Cycles and analysis for the majority of this next advance to take hold in the weeks leading into late-Oct/early-Nov ’23.”
Gold & Silver have dropped after fulfilling projections for a quick surge into early-Sept ’23 when a multi-week high had been projected. That produced a 1 – 2 month high while corroborating future cycle highs projected for early-Jan ‘24. They are seeing more weakness as they await bullish cycles that begin in late-Sept/early-Oct ‘23… and are expected to spur a sharp multi-week rally into mid-Oct (Silver) – late-Oct/early-Nov ’23 (Gold).
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! The 90/10 Rule of Cycles in Gold continues to project a sharp advance in Oct ’23 – in the final weeks leading into a (likely) early-Nov ’23 peak.
Where are Metals Likely to Rally in 4Q ’23? Will Middle East War Cycles Have an Impact??
How Does 90/10 Rule of Cycles Project Sharp Rally in October ’23?
Why are Mid-Oct – early-Nov ’23 Cycle Highs the Key to 2024 Outlook?
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.
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.