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