GOLD Primary and Weekly cycles
GOLD is following a 2-month wave pattern during the first Quarter from the January 50% level towards the February highs
potential pattern would be a short-term reversal towards the February 50% level and then a continuation up towards the February highs.
SILVER Primary and Weekly cycles
Silver's price action was to rise back towards the Yearly 50% level in 2012 @ $34.51.
This level could act as a resistance zone, but when we look for the Weekly cycle patterns....
there could be a further rise upwards, as part of a 2-month wave extension during the 1st quarter.