GOLD & SILVER Report 30th March 2015

GOLD Primary Cycles

There is still the expectation that GOLD will continue down into the BUY zone, as part of the 2013 break and extend pattern

SILVER Primary & Weekly cycles

Silver continues to remain around the 2014 BUY zone, as it has already completed the Break & extend pattern from 2013. (Primary Cycles)

However, the Primary Cycle remains bearish (below Yearly 50% level), but there is strength in smaller cycles coming into the start of the 2nd Quarter (above April 50% level?)

Even though Gold looks like it can continue lower and keep Silver flat, if Silver begins trading back above $17.45, last years's BUY zone remains valid

GOLD & SILVER Reports 3rd March 2015

GOLD Primary & Weekly Cycles

GOLD's fake move above the Yearly 50% level has all the hall marks of extending towards new lows in 2015.

It had everything going for it earlier in the year, but once it dipped below the February 50% level the bear trend has resumed

SILVER Primary & Weekly Cycles

Silver has now moved back down into our BUY zone from 2014, after the February 50% level failed to support the price of Silver.

IF Silver was going to follow a Primary move upwards after completing the 2013 breakout down into the 2014 lows. it's now not showing it.

I'd be concerned that there's now more downside to follow.