GOLD & Silver 3rd November 2012

GOLD Primary & Weekly cycles

As mentioned last week, support should have lasted 3-4 weeks, but it only lasted 1week and it's now below the 4th Quarter 50% level.

November may end up closing back above $1695.58, but at this stage it could just as easily go looking for the Monthly cycle Support zones

Silver Primary & Weekly cycles

4th Quarterly 50% level @ 31.88 has failed to hold support & along with price being driven down from the Yearly 50% level @ 34.51...

has the potential to move down towards the Support levels in 2013