Cycle Trading

Summary

• Gold, Miners, and Silver are in yearly cycle timing bands
• All three remain in weekly uptrends
• Weekly trends stay intact unless lower weekly cycle bands break
• Copper strength adds confirmation to broader commodity participation
• Rotation risk now shifts toward Energy as a potential next mover

Gold, the Miners, and Silver are all now pressing into their timing bands for a yearly cycle decline. On their own, that raises awareness of longer-term cycle pressure. However, the bigger-picture takeaway remains unchanged: all three remain in weekly uptrends.

Gold, the Miners, and Silver will continue to hold their weekly uptrends unless they close below their lower weekly cycle bands. Until that occurs, pullbacks should still be viewed through the lens of corrections within broader uptrends — not confirmed trend changes.

What’s notable at this stage is that copper is now joining the move. While not a precious metal, copper often plays an important role in confirming broader participation across the commodity complex. Strength in copper alongside firm precious metals can signal expanding momentum beneath the surface.

The next question: Could Energy be next?
Energy has lagged the recent strength seen in metals, but if rotation continues within the commodity space, Energy may begin to attract attention as cycles evolve.