IVR Chart, page-931

This is for you my friend, your a,b,c is over.

The mid-July ’23 high fulfilled a ~3-month/~90-degree low-low-high-high-(high) Cycle Progression and projects another high in mid-Oct ’23. In the midst of these cycle highs, Gold & Silver have corrected into the latest phase of a consistent 22 - 23-week high-high-high-high-low-low-(low; Aug 14 - 25, ’23) Cycle Progression with Aug 17 - 22 representing the ideal time for a bottom.

That dovetails with the weekly HLS indicator in Silver, projecting a (minimum) 1 - 2 month low by/on Aug 18, ‘23. Silver fulfilled that and projected a sharp rally from its mid-Aug ’23 low. This recent decline fulfilled two critical indicators that also set the stage for a low…

-- The new lows fulfilled the minimum necessary for a ‘c’ wave decline (a-b-c correction from early-May ’23 cycle high) after both metals completed 5-wave advances from late-2022 into early-March ’23.

-- The new lows fulfilled the weekly downtrend patterns in both metals… During the rallies into mid-July, Gold failed to neutralize its weekly downtrend as Silver twice neutralized its weekly downtrend but failed to turn it up. Both patterns argued for a drop back to the late-June ’23 lows.