This post will cover Gold, Silver and the Miners (GDX). Norvast of Gann and I (of Bressert Cycles) had collaborated on forecasting a Trading or Daily Cycle Low (DCL) and had identified Oct 10th as a possibility here:

https://goldtadise.com/?p=382876

https://goldtadise.com/?p=383867

Looks like the DCL was actually on Friday Oct 7th so close enough. This might also be the longer 5-6 month Intermediate Cycle low (ICL) as well but the Jury is still out on that one. Because it might be an ICL, I have taken profits on my hedges and reloaded many of my Trading Positions over the past two weeks but I have them on a short leash until price makes a more impulsive bullish move up.

The first step for me would be for price to break out of the current Bear Flag patterns I am seeing in Gold, Silver and GDX. So far, only GDX has broken my green TC down trend line to confirm a new Trading Cycle. My expectations are that Gold will do so next week. If Gold does so, GDX should fill its gap. The bigger test for the PM Complex are the red Intermediate Cycle down trend lines.

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