Gold Stars to Turn
Global Cycles Watch | Chart of the Day: Gold | 05. August 2026
US stocks came into Wednesday on the back of a broad rally. Yesterday the S&P 500 jumped 1.79%, the Dow climbed 1.71%, the Nasdaq surged 2.59%, and the Russell 2000 added 1.85%. Treasuries gained as yields fell across the curve, helped by Brent’s 5.25% slide to around $79.40 on reports that a deal to reopen the Strait of Hormuz could arrive within days. Gold climbed 0.55%, silver rose 2.4%, and Bitcoin advanced 0.8%.
The rally had two earnings drivers, Caterpillar’s blow-out quarter and Palantir’s huge beat-and-raise, layered on top of the Hormuz headlines and a market that has decided Big Tech’s Q2 reports answered the AI bears for now. The tone has turned into aggressive chasing as the S&P sprints toward fresh all-time highs, with the jobs report on Friday and the CPI next week as the nearest tests. For our cycle work, the day belongs to a single story reaching its payoff. Three weeks ago we wrote that seven cycles were building a floor beneath a falling gold price. Today nine cycles point to the same low, the deepest alignment this scan has ever shown, price has begun to move higher behind the signal, and the entire mining-and-uranium block reaches the model’s strongest bullish reading on the same day. That is the day’s thesis, and everything below serves it.
Each day we filter roughly 45 global markets (equity indices and sectors, metals, energy, agriculture, crypto, FX, and rates) through our cycle consensus engine. The key reading is the Consensus Score, which ranges from -100 to +100 and measures how strongly the dominant cycles of a market agree on a potential turning point. Values at or beyond ±60 mark the critical zone, the range where the cycle model raises the alarm for a possible turn and a market earns a place in the tables below. Let’s take a closer look.
