GOLD & Silver Reports 24th December 2013

GOLD Primary cycles

Trend bias is down into 2014 lows, as part of the break-n-extend pattern within the Primary cycles.

Breakout occurred @ 1527, and failure to hold within the monthly cycles (White channels), is now driving the Primary support level in 2014 lower.

Silver Primary cycles

Same applies with Silver...

GOLD & Silver 12th December Monthly Reports

GOLD Primary cycles

Long term trend continues to suggest price is following the primary cycles towards the 2014 lows.

If you want to get back into GOLD, then those lows are your best level to be re-thinking your long term strategy.

SILVER Primary cycles

Same applies with Silver

GOLD & Silver 2nd November 2013 Monthly Reports

GOLD Primary cycles

GOLD remains trading around the BUY zone @ 1337, but remaining range bound between the Monthly cycles.

My view still remains that GOLD continues downward.

SILVER Primary cycles

Silver continues to show the same patterns as GOLD, as it remains around its BUY zone @ 21.049

Trend bias is DOWN into LONG Term BUY zones for Silver.

GOLD & Silver 1st October 2013 Monthly Reports

GOLD Primary Cycles

GOLD remains around the BUY of 1337, as it consolidates within the monthly cycles.

It may continue to do so for the rest of the year, as it moves into 2014...

but the Primary cycles continue to suggest a Primary trend down into the 2014 Yearly lows, and long term BUY zone.

Silver Primary cycles

Silver is showing the same patterns as GOLD.

Primary trend suggests more weakness into 2014 lows (BUY ZONE)

GOLD & Silver 1st September 2013 Reports

GOLD Primary cycles

Gold has continued up into the August levels @ 1411 and stalled, helped by the ongoing troubles in the
Middle East, but in my opinion it was going to move up to that level regardless once it moves above the August 50% level.

The trend for the rest of the year is based on the September level @ 1397 (next week)...

It's either going to drift back down into the BUY zone @ 1337, as part of a larger Primary trend down into the 2014 lows....

However, there is a larger rotation that could take place that sees gold rotate upwards, as part of a move towards the 2014 Yearly 50% level :- 1491 to 1526

SILVER Primary Weekly cycles

The previous report mentioned that the BUY zone at 21.049 was seen as resistance, as part of a larger Primary trend from the 2013 Yearly lows towards the 2014 Yearly lows.

That changed once price moved above the August 50% level and broke out of the Weekly highs.

Even though there could be a flight back into the precious metals because of the Middle East, and also the FED making waves about cutting back on stimulus, the Primary cycles still suggests that the Primary lows @ 2013 will form resistance and continue lower in 2014. 

GOLD & Silver 3rd August 2013 Weekly Report

GOLD Primary cycles

As noted in the Previous Report, 1337 has attracted price but has formed resistance

The Primary cycles based on the Dilernia Principle of break & extend from 1526.96 has gold moving down towards 1100, and the next long term BUY zone for Gold.

The movement downward will be defined by the August levels:- 1249.

However, keep and eye on the August 50% level, which aligns with 1337, if above, the August highs at 1411 is the short-term attraction target over the next 4-weeks

Silver Primary & Weekly cycles

Weekly lows is the Support zone, as it makes it's way up towards 21.049, which is seen as resistance.

Note:- Primary cycles suggest a break & extend pattern towards the 2014 lows around $16.00

GOLD & Silver Weekly Report 29th June 2013

GOLD Primary & Weekly cycles

BUY zones @ 1337 held, until the June level sent it back down, as part of an overall bear trend into 2014, which has been mentioned for a number of weeks now.

The BUY zone @ 1337 will attract the price of GOLD, but it's likely to form resistance, as part of that Bear Trend.

Silver Primary & Weekly cycles

Same pattern in Silver as Gold, with the BUY zone Failing.

if we follow the breakout pattern in June, then it should continue down into July's lows @ 17.00..

if Above 19.60, then it's like to swing up into the BUY zone and July 50% level @ 21.97 and stall.

GOLD & Silver Weekly Reports 8th June 2013

GOLD Primary cycles

Gold remains above the BUY zone @ 1337, and I still have the view it's going to swing up into 1480, (minor resistance), and as high as 1527 (major resistance), by the end of the year.

However, it needs to begin trading above 1403 and the June monthly cycle

Silver Primary & Weekly cycles

Remains above the BUY zone @ 21.049 (just)

Resistance remains around $24.95..

Note:- both Gold & Silver are in bear trends, as they are below the 2013 Yearly lows, so there's an expectation that the trend will continue lower into 2014

GOLD & Silver 25th MAY 2013 Weekly Reports

GOLD Primary and Weekly cycles

Gold continues to remain above the BUY zone...

and if it's going to continue to rise upwards and retest the Breakout of 2013

then keep an eye on the levels in June (white) @ 1408

Silver Primary and Weekly cycles

Silver Primary cycles BUY zone was hit, and based on the levels in the Weekly cycles

my view is that Silver is going to swing upwards...

but fail to make it higher than the break of the 2013 Primary Support levels.

This Primary down trend is likely going to last into next Year.

GOLD & SILVER 27TH APRIL 2013

GOLD PRIMARY & WEEKLY CYCLES

As per previous report, GOLD has continued to move up towards the 2013 yearly breakout....

trend guide 1439.50

resistance 1527/1547

SILVER PRIMARY & WEEKLY Cycles

Below Primary support levels and trend bias is to continue down into the BUY zone @ 21.0492.

It's either to continue down next week into that level, otherwise it's moving up towards the MAY 50% level, which is seen as resistance.

NOTE: THIS IS THE LAST GOLD & SILVER REPORT FOR A NUMBER OF WEEKS

Gold 18th April 2013 Daily Report

GOLD Primary cycles

GOLD has broken it's 2013 lows (breakout) and  has moved down into long term BUY zones, within the Primary cycles...@ 1337.73

Expectation is that of a swing back up towards those same lows @ $1527, which is seen as resistance.

Note:- as mentioned in the Weekly Report, this bear trend can last for 2 years, if this BUY zone can't hold, then don't touch gold until much lower prices in 2014.

Gold & Silver 13th April 2013 Weekly Reports

GOLD Primary & Weekly cycles

Gold is now extremely bearish with a breakout of Primary Support in 2013.

when we look at past patterns in Primary cycles, this downward trend could last into a 2nd year (2014)....Previous Weekly Report

And even though price could swing up from the next week's lows, those who know my work need to be aware that this breakout pattern can see lower prices in future months/Quarters until 2014.

Silver Primary & Weekly cycles

Silver is finally down into 2013 Yearly lows...

Random Support around next week's lows @ 25.52,

but be aware that below the 2nd Quarterly lows @ 27.37 could see minor cycles continue to extend lower over the coming weeks.

GOLD & Silver 6th April 2013 Weekly Reports

GOLD Primary & Weekly Report

Still trading around Primary Support, as price swings off the April lows.

It's still too early to say that the price of Gold will now rise, but the first positive sign will be a breakout of the Weekly highs @ 1617.

With tensions rising in North Korea, this could help GOLD move upwards....

However, when we look at past patterns in Primary cycles, this downward trend could last into a 2nd year (2014)

Silver Primary & Weekly cycles

Finally nearing Primary Support levels in 2013 :- $25.60 - $26.27

GOLD & Silver 23rd March 2013 Weekly Reports

GOLD Primary & Weekly cycles

Primary Support @ 1572, but any further upside needs to see a breakout of the Weekly highs,

for a 2-month trend upwards towards the Yearly 50% level.

otherwise the trend will once again move back down and test the Weekly lows

SILVER Primary & Weekly cycles

I still have the view that the trend is moving down into Primary support....

However, a move down into the Weekly lows and then a breakout of the 5-day highs, will see Silver heading up towards the 2013 Yearly 50% level once again.(Resistance)

Gold & Silver 16th March 2013 Weekly Reports

GOLD Primary & Weekly cycles

Primary cycles still holding Support, and with a change of the Weekly cycles & the Weekly 50% level could see GOLD push up towards the Weekly highs.

SILVER Primary & Weekly cycles

Primary cycles still suggest weakness towards the 2013 Yearly lows

GOLD & Silver 9th March 2013 Weekly Report

GOLD Primary and Weekly cycles

Continues to trade right on Primary support, and may continue to do so until the end of the month and the start of the 2nd Quarter.

Short-term trend defined by the Weekly 50% level, with a suggestion that it can dip down into the Weekly lows (March lows)

Silver Primary & Weekly cycles

Bearish Primary cycles towards the lower Support levels.

However, the Weekly 50% level will determine whether there is a short-term rise towards the Weekly highs & March 50% level:- Resistance

GOLD & Silver 2nd March 2013 Weekly Report

GOLD Primary & Weekly cycles

Trading around Primary cycle support...

but likely to move down into the March lows, which could provide some support that matches the larger timeframe cycle Support...

Note:- even though the current trend is bearish, it will be extremely bearish below Primary & March low Support

Silver Primary & Weekly cycles

March low support @ 27.44

but I still have the view that it is moving down into the 2013 Yearly lows around $25.70

GOLD & Silver 24th February 2013 Weekly Reports

GOLD Primary & Weekly cycles

Gold is right on Primary support, but any rise upwards next week is likely going to stall around the February lows...

Monthly cycles is still showing weakness, as a breakout of the February lows can extend down into the March lows....

In a Nut-Shell, Gold needs to remain above the Primary Support @ 1532, or it's going to struggle to make any upward moves for the next 12-24 months.

Silver Primary & Weekly cycles

There's still more room to move downward into the Primary support levels

GOLD & SILVER 16th February 2013

GOLD Primary & Weekly cycles

Bearish and heading down into Primary Support levels...

long term holders don't want to see GOLD trading below 1532, as it will be depressed for the next 2 years.

SILVER Primary & Weekly cycles

Heading down into the Weekly lows....

with the trend bias towards the long term support around $25.50

GOLD & Silver 9th February 2013 Weekly Report

GOLD Primary & Weekly cycles

Primary cycles just holding the support levels...(Yearly 50% level)

Weekly cycles  continue to show weakness

SILVER Primary & Weekly cycles

Primary cycles holding support...

but this week the Weekly cycles couldn't follow with further BUYing:- short-term weakness showing

GOLD & Silver 3rd January 2013 Weekly Reports

GOLD Primary & Weekly cycles

Gold is consolidating around the 2013 Yearly 50% level, whilst the Weekly cycles are showing weakness,

as price was rejected downward from the February 50% level.

Random Support around the Weekly lows.....

A failure of those Weekly lows, and the trend bias is down towards the Febraury and then the MARCH monthly lows

Silver Primary & Weekly cycles

Price patterns in Silver are slightly different, as it's above both the Primary 50% level and also the February 50% level...@

Therefore Silver is holding its head above water

GOLD & SILVER 26th January 2013

GOLD Primary & Weekly cycles

GOLD's failure to breakout of the Weekly highs & the January 50% level puts pressure on the trend to continue to fall towards long term Support levels

Silver Primary & Weekly cycles

Silver following Gold, but the Weekly 50% level will determine whether the trend continues down

or remains caught between the Weekly 50% level and the upper Weekly level @ 31.887

for the 5-days

19th January 2013 GOLD & Silver cycles

GOLD Primary & Weekly cycles

GOLD has quickly changed its trend with the switch of the Weekly cycles (Weekly 50% level), and all it needs to do is close above the January 50% level & Weekly highs.

But with the trend now above the Yearly 50% level, the Primary cycle becomes bullish again.

Silver Primary & Weekly cycles

Same applies with Silver...

The January close comes into play along with the 2013 50% level.

GOLD &Silver 12th January 2013 Weekly Reports

GOLD Primary & Weekly cycles

I still have the view that GOLD is being pushed downward from the 2013 50% level...

however, things can quickly change if January closes above those same levels

SILVER Primary & Weekly cycles

Same applies in Silver

GOLD & Silver 5th January 2013

GOLD Primary & Weekly cycles

As noted in last week's report, expectation was that GOLD would push downward into the January lows, which puts the Primary trend as bearish.

Whilst Gold remains below 1667.50 the trend bias is to continue down towards the lower Support levels.

A Robust change of trend will occur with a breakout of the Weekly highs and price trading above the January 50% level.

Otherwise keep your money in your pocket

SILVER Primary & Weekly cycles

Just as the 2012 yearly 50% level  kept the trend from rising in the last 6 months of the year, the 2013 50% level is now pushing the Trend downward, with long term support around $25.50

Things can quickly change, but it will need to breakout & close above the Weekly highs on a Friday to gather momentum.

Otherwise keep your money in your pocket.

Short-term trend guide is the Weekly 50% level @ 30.53