GOLD & SILVER Monthly Reports 1st February 2016

GOLD Primary Cycles

 

Instead of moving down in January and completing the move into the 2016 lows, it has followed a similar pattern at the end of 2014 and start of 2015.

 

We can see similar 4th Quarter support zones in 2014 & 2015 and early 1st quarter rises, therefore it's too early to tell whether GOLD has got more legs other than hitting resistance levels and continuing lower.

SILVER Primary Cycles

 

Hard to tell whether SILVER will extend beyond the 2016 50% level without coming off the more robust Support level around the 2016 lows.

 

GOLD & SILVER Reports 1st January 2016

GOLD Primary Cycles

 

The start of the new year brings in the new Primary Cycles for 2016

 

Gold remains in a Bear Trend as the 4th Quarter supported price, but now that Support has disappeared and dropped down to 1007, and that's where I think  GOLD is heading.

 

It's currently in a Breakout of the 2015 lows, so as part of the Dilernia Principle, it should extend downwards.

 

Keep an eye on the Price of Gold and the Australian Market, if both are hitting their 2016 lows, it's probably a good time to be moving back into commodities and the Australian Market.

 

SILVER Primary Cycles

 

Silver nearly reached it's 2015 low target in the last month of the Year, but it's likely to move down into 12.93-13.00 in the 1st Quarter of 2016.

 

Should be a good time to be moving back into Silver around those levels.