GOLD & Silver 4th February 2014 Monthly Report

GOLD Primary Cycles

Trend bias remains down into the long term BUY zone and the 2014 lows.

However, the short-term Monthly cycles suggests there is more short-term upside.

two possible patterns...

#1. hits the Monthly cycles highs @ 1285 and continues down

#2. above 1268 in March and GOLD could see more upside those the 2014 50% level @ 1373, which is expected to form resistance

SILVER Primary Cycles

Trend bias is down....

However, 18.78 could act as 1st Quarter support.