goldcoppersilver: October 2012

GOLD Primary & Weekly cycles

4th Quaterly 50% level is seen as support, but it could take a number of weeks to consolidate above it before it tries to rise upwards in December...

if next week closes below it then that view is obviously wrong

Silver Primary & Weekly cycles

4th Quarterly 50% level is currently supporting the trend whilst the Primary 50% level is keeping it down...

Same pattern as Gold, it could take another 3-4 weeks to decide whether it's going to rise upwards or not.

GOLD Primary and Weekly cycles

coming into major Support around the Weekly lows & 4th Quarterly 50% level @ 1695/1703

might take about 3 week's to decide whether it will make another play for the Quarterly highs later in December.

Silver Primary and Weekly cycles

Silver is now on critical support with the Quarterly cycles, after being pushed back down from the Primary 50% level @ $34.50

if October closes below 31.88 it's going to send prices lower into the start of 2013.

GOLD Primary and Weekly cycles

Trend guide on GOLD is defined by the Monthly levels @ 1767.06.

it failed to continue higher, and whilst below that level the trend bias is to revisit the 4th Quarterly 50% level @ 1696.58

Short-term:- the Weekly level will decide whether the trend continues down or remains within the Weekly cycles

SILVER Primary & Weekly cycles

looks to be moving down into the 4th Quarterly 50% level @ 31.88

GOLD Primary annd Weekly cycles

Whilst GOLD is above 1767 the trend bias is UP towards the October highs

if below then trailing Support resides around 1696.58

SILVER Primary and Weekly cycles

I still think Silver is moving down into the 4th Quarterly 50% level @ 31.88 ( random support)