GOLD & SILVER 28 January 2015 Primary Cycles

GOLD Primary Cycles

GOLD has failed to reached the BUY zone in 2014, as part of the Break & Extend pattern in the Primary cycles.

Instead it followed the secondary cycles in the Quarterly timeframe (Break & extend) into 1149.

GOLD now looks bullish as it has moved above the 2015 yearly 50% level @ 1237, which is now seen as a trend guide and support.

This trend now has the potential to rise for the next 2 years, as a minimum move.

First target 2015 highs 1368

SILVER Primary cycles 2015

BUY zone was reached in 2014 @ $16.25, as part of the Primary Cycles, break and extend pattern.

2015 50% level is now the trend guide :- $17.45

if Long on Silver then stay long

GOLD & Silver Reports 1st January 2015 Yearly reports.

GOLD Primary Cycles

Previous Gold Report Primary trend is to continue towards the 2014 lows & next long term BUY zone.But monthly cycles are projecting further gains towards the 2014 50% levels, which is seen as resistance. 

 

Text Book patterns occurring in the Primary cycles, as the retest of the 2014 Yearly 50% level has formed resistance.

 My view is that the trend will continue down into the 2014 lows...

 

Gold 2015

followed the Primary cycles using the 2014 50% level as resistance, and continued lower for the rest of the year, however it failed to reach the long term BUY zone around 1113.

Current Primary cycles keep Gold in a long term down trend, and ideally I would like to see GOLD hit 1105 before committing to Buying the metal.

Silver 2015

As we can see in the previous report the expectation was that Silver would continue downward into the 2014 lows.

 Silver has now been trading around its 2014 lows @ 16.25, which has seen the price consolidate around these levels for a number of months. If Gold is going to dip lower then Silver can follow another step lower towards it's next Primary cycle 2015 lows @12.15.

If you're long from the 2014 lows (Long term BUY), then I think you're still in a good position