goldcoppersilver

GOLD & SILVER 3rd March 2012 Weekly Reports

2012-03-02T14:54:00.000-08:00

GOLD Monthly & Weekly cycles

GOLD has revisited the monthly 50% level and 1st Quarterly level @ 1687.25...

The trend bias remains robust, as longs as it remains above these levels

Anything below the Weekly lows is open to RISK

SILVER Monthly and Weekly cycles

Primary trend remains UP, as long as it's above the Yearly 50% level...

The trend will change, if it's below the Weekly lows.

Next Week:- Weekly 50% level is the trend guide

GOLD & SILVER 25th February 2012

2012-02-24T13:55:00.000-08:00

GOLD Monthly & Weekly cycles

Trend bias is up, with the trend to continue towards the monthly highs in March-April (2nd Quarter highs)

In the short-term, next week's trend guide is based on the Weekly levels, with support @ 1761

If there is any weakness during the current Quarter (in March), the levels in the Primary cycle come into play @ 1687.25

Silver Primary and Weekly cycles

This week's price action is extremely important in the primary cycles...

because above the Yearly 50% level has a trend bias is to continue upwards, and follow the trend towards the 2012 yearly highs

Short-term:- Weekly level @ $34.80 will define whether the trend continues up into the February highs and then the March highs

GOLD & Silver 18th February 2012 Weekly reports

2012-02-17T14:38:00.000-08:00

GOLD Primary and Weekly cycles

Trend bias is UP, as long as it remains above the Weekly lows

next week's trend guide is the Weekly 50% level

Silver Primary and Weekly cycles

Silver had a good reason to rise last week, using the Weekly 50% level as support...

However, as mentioned before, the Primary 50% level in 2012 is a major resistance zone, and may continue to act as resistance for the rest of the 1st quarter.

Weekly lows are seen as the last Support zone for the first Quarter...

anything below is open to risk of moving down towards $28.56

GOLD & Silver 11th February 2012 Weekly report

2012-02-10T14:11:00.000-08:00

GOLD Primary and Weekly cycles

If GOLD is going to continue to move upwards during February, then it shouldn't be trading below the Weekly 50% level.

next week's trend guide is the Weekly level @ 1730.

SILVER Primary and Weekly cycles

If we subscribe to the patterns in the Weekly cycles, then price should continue to move upwards using the Weekly 50% level as the trend guide and Support

However, Weekly cycles are driven by the patterns in the Primary cycles...

and as we can see, the Yearly 50% level is forming a resistance zone, and may continue to do so for the rest of this Quarter.

Anything below the Weekly lows and February 50% level is seen as extremely bearish.

GOLD & Silver 4th February 2012 Weekly Report

2012-02-03T14:41:00.000-08:00

GOLD Primary and Weekly cycles

I still have the view that the price of GOLD will continue up into the February highs, first target 1777.

However, a short-term pullback into trailing support levels is part of the move.

SILVER Primary and Weekly cycles

Primary 50% level (Yearly 50% level @ $34.51) has stalled the trend from rising.

This is a major resistance zone that can last for a number of months.

However, if Silver is going to continue upwards...

the ideal pattern would be for price to come down into the Weekly 50% level, and then make a move towards the Monthly highs:- first target the Weekly highs. $34.93

the Weekly level @ $33.55 will be the trend guide on whether there is a short-term pullback or not.

GOLD & SILVER Weekly Report 28th January 2012

2012-01-27T14:20:00.000-08:00

GOLD Primary and Weekly cycles

GOLD is following a 2-month wave pattern during the first Quarter from the January 50% level towards the February highs

potential pattern would be a short-term reversal towards the February 50% level and then a continuation up towards the February highs.

SILVER Primary and Weekly cycles

Silver's price action was to rise back towards the Yearly 50% level in 2012 @ $34.51.

This level could act as a resistance zone, but when we look for the Weekly cycle patterns....

there could be a further rise upwards, as part of a 2-month wave extension during the 1st quarter.

GOLD & SILVER 21at January 2012 Weekly report

2012-01-20T15:49:00.000-08:00

GOLD Primary and Weekly cycles

Weekly Cycles are driving the price of gold in the short-term :- UP

Price has been trading above the higher timeframe 50% levels for the past 2-weeks, and could continue to push higher.

However, the interesting level during the first Quarter will be whether 1687.25 will form a resistance zone for the next 8 weeks, and move into a sideways pattern until the 2nd Quarter.

Silver Primary and Weekly cycles

Silver rotating UP towards the higher timeframe 50% levels.

Next Week's highs could form a random resistance zone, which aligns with the 1st Quarter 50% level...

however, the price of Silver could continue up into the Yearly 50% level @ $34.51, which is seen the Primary resistance zone.

Even though I think SILVER will move down into the 2012 Yearly lows, there is nothing in the short-term cycles that suggest that will happen (just yet)

GOLD & SILVER 14th January 2012 Weekly report

2012-01-13T14:44:00.000-08:00

GOLD Primary and Weekly cycles

Gold has continued higher following the Weekly timeframe cycles, but price failed to breakout of the Weekly highs.

Based on the current price action, the January 50% level and Weekly level will most likely push the price upwards in the short-term towards this Week's highs @ 1678.50.

Price of Gold is also above the Primary cycle 50% levels, which is a good sign, and it over-rides my initial view of further weakness during the lst quarter.

As long as it remains above the January 50% level the trend bias is UP.

Note:- be aware of any reversal patterns around this week's highs and next Friday's close, because if Friday closes back below the January 50% level, it is likely to push pressure on the price of GOLD once again.

Silver Primary and Weekly cycles

Silver followed the same pattern as Gold, and will likely continue higher if above the January 50% level @ $29.87.

upward trend is towards the 1st Quarter 50% level @ 32.69. (Random resistance this week's highs)

Long term BUY support remains around the 2012 Yearly lows.

GOLD & Silver Reports 7th January 2012

2012-01-06T16:35:00.000-08:00

GOLD is starting the new Primary cycle below the 2012 Yearly 50% level, which is bearish...

It could move above 1599 during January and test the Monthly 50% level @ 1631, but those levels are seen as resistance. (Previous Weekly Report)

GOLD Primary and Weekly cycles

Gold has moved upwards and tested the January 50% levels, hitting and stalling at 1631.

As per previous report, these levels are seen as resistance, with the expectation the trend will continue back down towards the January lows.

However, if I'm wrong, then price will push up from the Weekly 50% level and breakout of the Weekly highs.

SILVER Primary and Weekly cycles

I continue to be bearish on Silver, with the expectation price is moving down into the January lows, and towards the larger Secondary and Primary support levels in 2012

If I'm wrong, then price will breakout of the Weekly highs and begin a move back towards the 2012 Yearly 50% level. (1st Quarter 50% level @ $32.69 as first target.

GOLD & SILVER 31st December 2011 Weekly Reports

2011-12-30T15:20:00.000-08:00

GOLD Primary and Weekly cycles

GOLD is starting the new Primary cycle below the 2012 Yearly 50% level, which is bearish...

It could move above 1599 durinng January and test the Monthly 50% level @ 1631, but those levels are seen as resistance.

At this stage my view is that the trend is going to continue lower and move down into the January lows, with first Quarter support around 1430 to 1492...

And then a possible move down into the 2012 Yearly lows by the 3rd Quarter.

SILVER Primary and Weekly cycles

First BUY zone on Silver is around the January lows and the first Quarterly level @ 24-25.50.

The swing target is the 1st quarterly 50% level @ 32.69, and as high as the Yearly 50% level @ $34.51

The Yearly 50% level is seen as resistance...

For those that want to look to BUY Silver for the medium to long term (3-months & longer)....

my view is that it will struggle to move higher than the Yearly 50% level for the first 6-months.

AND you DONOT want to see Silver trading below Yearly support (19.85 to 22.65)...

as it will likely extend to new lows into 2013.

GOLD & Silver Weekly Report 24th December 2011

2011-12-23T15:06:00.000-08:00

GOLD Primary and Weekly cycles

Gold continues to look weak using the lesser timeframe cycles.

However, the critical cycle begins the week after next when the 2012 Primary cycles kick into gear.

The new Primary cycle will determine whether Gold follows the same bubble pattern as Silver, and continues to move lower during the first quarter

Silver Primary and Weekly

Trend bias is to continue down into the Support levels for 2012.

In the short-term, the Weekly levels will determine whether the last week of 2011 continues down into the weekly lows...

or up towards the Weekly 50% level and towards the first quarterly 50% level (Resistance)

GOLD & Silver Report 17th December 2011 Weekly report

2011-12-16T14:25:00.000-08:00

GOLD Primary and Weekly cycles

Even though Gold could rise upwards in the last 2-weeks of the month, as part of retesting last week's breakout @ 1668...

My view is that if price is trading below the 2012 Yearly 50% level, the trend bias is down, into the first Quarterly levels

SILVER Primary and Weekly Cycles

Trend bias is down into Support levels for 2012

GOLD Report 15th December 2011 Daily report

2011-12-14T15:35:00.000-08:00

GOLD Primary and Weekly cycles

Same 'bubble' pattern as Silver, but delayed in the price action by
about 3-months:- confirmed with the Weekly low breakout @ 1668

Random support December lows...@ 1556

But the critical level in the 2012 Yearly 50% level, whilst below that
there is a trend bias back towads the first Quarter level @ 1440...

and as low as the Yearly lows by the 3rd Quarter.

GOLD SILVER Weekly Report 10th December 2011

2011-12-09T13:44:00.000-08:00

GOLD Primary and Weekly cycles

Gold continues to consolidate until the end of this Quarter, as it remains below the December 50% level.

Short-term the price action remains weak.

However, for long-term Gold traders the level that needs to be watched is the 2012 Yearly 50% level.

This level will define whether the current Bull Trend continues towards the 2012 highs

Silver Primary and Weekly cycles

Everything remains weak in Silver, as it struggles to move above a number of timeframe resistance levels in the 4th Quarter.

And if it can't breakout of the Weekly highs by the end of this month...

Then there is a good chance that Silver will be pushed down towards the Support Zone, as shown in the Primary Chart

GOLD & Silver 3rd December 2011 Weekly Report

2011-12-02T14:45:00.000-08:00

GOLD Primary & Weekly Cycles

Gold has closed back above the monthly 50% levels, which is a good sign for those bullish on Gold...

As long as it remains above the Monthly and Weekly 50% levels.

There is a Friday 5-day high reversal pattern, therefore next week is seen as starting with a continuous 2-day reversal pattern.

If it remains above those key support levels by Wednesday, then December has a good chance that it will remain supported with an upward bias inside the Weekly levels until the end of the year.

Silver Primary and Weekly cycles

Silver tried to move towards the December 50% levels this week, but once again failed at the 4th Quarter 50% level.

Next Week's price action will be defined by the Weekly 50% level, and whether it moves towards the December 50% level...

or moves back towards the Weekly lows.

GOLD & Silver Weekly Report 26th November 2011

2011-11-25T13:49:00.000-08:00

Gold Primary and Weekly Report

Weekly lows have supported the weakness in the price of Gold...

and by the look of next week's levels...

more than likely continue to follow the Weekly cycles towards next week's lows

Silver Primary and Weekly cycles

The Price of silver continues to remain depressed, as it follows the Weekly cycles, dipping to new short-term lows each week.

There is a chance that the price of Silver moves up towards the December 50% level over the next 5-7 days

However, I still wouldn't move into Silver until it is at much lower prices (2011 50% level)

GOLD Daily report 22nd November 2011

2011-11-21T18:41:00.000-08:00

As mentioned a number of weeks ago, Gold is showing the same Bubble pattern as Silver.

The short-term trend is determined by the November 50% level and next week's 50% level, and weakness will be confirmed if price is trading below the dynamic Weekly lows.

GOLD Primary and Weekly cycles

Change in Weekly dynamics (Weekly 50% level) has seen the price of Gold come down into the Weekly lows @ 1676.

If Gold can't rise up on Tuesday and remain within the Weekly levels....

then it's going to end up back down into the November lows @ $1546, and dip lower in December towards $1480

Simply refer to the previous reports and the price action in Silver, as this can easily occur in the price of Gold over the coming weeks.

GOLD SILVER 19th November 2011 Weekly Report

2011-11-18T13:31:00.000-08:00

Those who are long, you don't want to see GOLD spend any time below the November 50% levels...

especially in the last week of this Month. (Previous Weekly Report)

GOLD Primary and Weekly cycles

Coming into the last weeks of November and Gold is at a critical level in it's UP trend....

The short-term trend is determined by the November 50% level and next week's 50% level, as shown in the above chart.

As mentioned a number of weeks ago, Gold is showing the same Bubble pattern as Silver, and traders need to be aware that if it follows the same downward move it's going to happen in the last month of the current Quarter.

It's not set in stone that it will, but it will be confirmed if price is trading below the dynamic Weekly lows.

SILVER Primary and Weekly cycles

As I have been saying for a number of weeks, Silver looks much better a lower prices....(Weekly lows Random support)

Silver continues to remain below higher timeframe 50% levels (Yellow), and we can see price has made a visit of the Weekly lows, which has provided some random support.

I still prefer Silver at much lower prices....

GOLD & SILVER 12th November 2011 Weekly Reports

2011-11-11T15:01:00.000-08:00

GOLD Primary and Weekly cycles

Trend bias is to continue higher, as it follows the Weekly cycles.

Those who are long, you don't want to see GOLD spend any time below the November 50% levels...

especially in the last week of this Month.

SILVER Primary and Weekly cycles

Silver continues to struggle to move higher, as the 4th Quarterly 50% level continues to resist the trend from rising.

Bullish pattern will see price rise up from the Weekly 50% level and breakout of both the Weekly highs and Quarterly 50% level.

Bearish pattern would be based on the same rising pattern, but the Weekly highs stalls the trend from rising and price is pushed back below the November 50% level, and the following Weekly 50% level (the week after next).

As I have been saying for a number of weeks, Silver looks much better a lower prices....(Weekly lows Random support)

GOLD & Silver Report 5th November 2011 Weekly

2011-11-04T14:37:00.000-07:00

Next week's highs are seen as resistance for a retest of 1704.46 and 1694.

Once that occurs then November comes into play and the new monthly 50% levels.

If the Trend is going to continue higher, as part of price rising up from the Primary cycle Support zones, then it needs to remain above the November 50% levels

A higher step formation in the forward month (higher 50% level) can often lead to weakness in the following month (Previous Weekly Report)

GOLD Primary and Weekly cycles

Instead of moving up into the Weekly highs and then down to retest the Support levels, GOLD moved down early in the Week and had risen upwards.

The Critical Support level on GOLD now remains the November 50% level @ $1730

As long as price remains above that level the trend bias is to continue higher.

However, as mentioned in last week's report....

The higher step formation in the monthly levels can often lead to sustained weakness if price is trading below that level

Silver Primary and Weekly cycles

Silver continues to trade under resistance levels using the Quarterly and Monthly 50% levels

Silver doesn't rock my boat until it is trading around the Quarterly lows,

or the 2011 50% level. $24.90

GOLD & SILVER 29th October 2011 Weekly report

2011-10-28T15:21:00.000-07:00

if it's going to continue higher it will need to rise up from next week's 50% level and breakout of the Weekly highs

Previous Weekly report

GOLD Primary and Weekly cycles

Gold has risen from the Weekly 50% level and has broken out of the this week's highs, and likely to continue up into next week's highs.

Next week's highs are seen as resistance for a retest of 1704.46 and 1694.

Once that occurs then November comes into play and the new monthly 50% levels.

If the Trend is going to continue higher, as part of price rising up from the Primary cycle Support zones, then it needs to remain above the November 50% levels

Silver Primary & Weekly cycles

Larger cycles in Silver has only seen price rise up and retest the 4th Quarterly 50% level.

I have the same view as Gold, and that Silver will rise up into next Week's highs, but then reverse and retest this week's breakout @ 33.83....

Which will align with the November 50% level.

Note:- A higher step formation in the forward month (higher 50% level) can often lead to weakness in the following month

GOLD & SILVER Weekly Report 22 October 2011

2011-10-21T13:31:00.000-07:00

if GOLD decides it wants to continue to consolidate over the next 4-weeks, it will struggle and remain in a tight trading range.

The longer GOLD consolidates around Primary support, the more reason there is for Support to fail in the last month of the current quarter and move towards the Quarterly lows

Previous Weekly Report

GOLD Primary and Weekly cycles

GOLD continues to consolidate during October, and if it's going to continue higher it will need to rise up from next week's 50% level and breakout of the Weekly highs.

Otherwise a close below Support and the Weekly lows will put pressure to follow the trend towards the 3-month lows (first target $1480)

Silver Primary and Weekly cycles

The same applies on Silver....

it will need to breakout of the Weekly highs, as those highs and the October 50% level can form resistance zones

And by looking at the price action in the Primary cycles, any further weakness will push Silver down towards $23.50 to $25.00 (NEXT BUY ZONES)

GOLD & SILVER Report 15th October 2011 Daily

2011-10-14T15:10:00.000-07:00

Gold could climb upwards if it remains within the Weekly levels (white)...

However, my view is that the next 4 weeks will continue to flip-flop around Primary support until November...

Previous Weekly Report

GOLD Primary and Weekly cycles

Gold has continued to consolidate around the Primary support levels.

As we can see in the above chart, the Weekly highs have now caught up with the current price action in the Quarter

For Gold to continue higher, it will need to breakout of those highs and follow a double Weekly cycle pattern, which is a 2 week upward trend.

However, if GOLD decides it wants to continue to consolidate over the next 4-weeks, it will struggle and remain in a tight trading range.

The longer GOLD consolidates around Primary support, the more reason there is for Support to fail in the last month of the current quarter and move towards the Quarterly lows

SILVER Primary and Weekly cycles

Silver continues to consolidate, and I'm having a hard time seeing more gains during the current Primary cycle in 2011.

For that to happen it will need to break out of the weekly highs.

GOLD traders, have a look at the price action in Silver, and see if you can see a similar pattern that's currently unfolding in GOLD.

if Gold follows the same 'bubble pattern' as Silver, then the last month of the current quarter is what you need to keep your eye on.

GOLD & SILVER 8th October 2011 Weekly Report

2011-10-07T15:17:00.000-07:00

"this is the first month of the quarter, and it's already trading around support, so it wouldn't surprise me to see the next 4 weeks consolidate around support.

When we look at the Weekly cycles (right chart).... there is a potential rejection pattern around the Weekly 50% level"

Previous Weekly report

GOLD Primary & Weekly cycles

GOLD is currently trading around Primary support levels, but it's being kept in check around the Weekly 50% level.

Next Week:- Gold could climb upwards if it remains within the Weekly levels (white)...

However, my view is that the next 4 weeks will continue to flip-flop around Primary support until November...

short-term weakness is based on price trading below 1637.

Silver Primary and Weekly cycles

Silver could climb upwards if it's trading above the weekly 50% level...

but hit resistance around $35.97

However, my view is that the best price to BUY silver remains around lower support levels @ $24-$25 in the Primary cycles (October lows)

GOLD & SILVER 1st October 2011 Weekly report

2011-09-30T15:52:00.000-07:00

GOLD Primary and Weekly cycles

Gold has rotated back down into a major support level in the 4th quarter. (SUPPORT)

All trends originate from these levels and continue outward, and if the Primary cycle trend remains bullish it shouldn't spend anytime below SUPPORT. The last time that occurred was in July 2008, when price was $922.00

The most bullish patterns have been occurring in the 2nd month of the Quarter, as price in the first month rotates down into support, and then the 2nd month rises up from support and continues upwards during each individual quarterly cycle.

However, this is the first month of the quarter, and it's already trading around support, so it wouldn't surprise me to see the next 4 weeks consolidate around support.

When we look at the Weekly cycles (right chart).... there is a potential rejection pattern around the Weekly 50% level that could see price move towards next week's lows and as low as the October lows

In conclusion:- if you are bullish and believe that GOLD is going to continue higher, then these are the levels that should be of most interest.

Just keep an eye on the Weekly cycle for short-term weakness.

Silver Primary and Weekly cycles

Sliver found support around its Weekly lows this week, but in my opinion it's likely to dip down into the October lows, which coincide with the Yearly 50% level.

Anywhere around $24-25 looks like a robust support zone, validated with lesser timeframe cycles

GOLD & SILVER Weekly Report 24th September 2011

2011-09-23T16:56:00.000-07:00

GOLD Primary and Weekly cycles

As per previous report, Thursday's close below the Weekly lows was going to put pressure on the trend.

And as we can see in the above chart, price is moving back towards the July breakout (3rd Quarterly highs), matched with next week's lows @ 1590-1594

However, in the short-term, there's a good chance that Friday's price action will see a move upwards next week & back towards the Weekly breakout & September 50% level.

Once that occurs the trend is likely to be sold down once again towards 1594, providing new levels for the 4th Quarter.

SILVER Primary and Weekly cycles

Silver is heading back towards the yearly 50% level @ 24.93.

However, next week is likely to see an upward move towards the September lows @ $34.31.

once that occurs the trend is likely to be sold down towards next week 's lows @ 28.16, and then $24.93 in October.

Note:- $24.93 is a robust support zone for 2011

GOLD Report 22nd September 2011

2011-09-22T15:22:00.000-07:00

GOLD Primary and Weekly cycles

As I've been mentioning for a number of weeks now...

for the trend to continue higher into the 4th Quarter and then 2012 price would revisit the Weekly lows in September, find support, and then begin the next move upwards.

As we can see in the above chart, price has moved down into the Weekly lows, but it hasn't found support.

That might change if Friday closes higher, or next week opens above the September 50% level....

However, on most occasions the market won't break the Weekly lows @ 1752.

Whilst price is below the Weekly lows any view that the trend is going to continue higher is now open to RISK

GOLD Silver Weekly Report 18th September 2011

2011-09-19T00:17:00.000-07:00

GOLD Primary and Weekly cycles

I would like to see GOLD hit the Weekly lows this week...

and then begin to move upwards over the coming days....

as this will form part of an expected move towards new highs in October.

Silver Primary and Weekly cycles

As view as GOLD

2011-09-16T14:34:00.000-07:00

GOLD & Silver Weekly report for 17th September 2011 will be out on Monday afternoon (4pm).

nothing has changed from previous reports, the Weekly lows remain the support zones

GOLD & SILVER Weekly Report 10th September 2011

2011-09-10T00:09:00.001-07:00

GOLD Primary and Weekly cycles

Trend bias in the Primary cycle is to continue towards higher highs in October, and then push towards new highs in 2012

However, I would still like to see price retest the weekly lows in September before the trend follows the quarterly breakout pattern from July into October's highs

Silver Primary and Weekly cycles

Same applies on Silver...

Expectation of higher highs in October

but I would like to see price come down into trailing support levels that coincide with GOLD reaching the Weekly lows, before the next upward leg begins

GOLD & SILVER 3rd September 2011 Weekly report

2011-09-02T16:20:00.000-07:00

GOLD Primary and Weekly

Looks to be following the Weekly range towards the highs...

Keep an eye on the Weekly level @ $1869...

simply because we have moved into September, and the trailing Weekly lows are the Support zones for a move towards new highs into October (4th Quarter)

Silver Primary and Weekly cycles

Same applies with Silver

GOLD & Silver 27th August 2011 Weekly report

2011-08-26T16:00:00.000-07:00

GOLD Primary and Weekly cycles

Gold's reversal last week wasn't unexpected, because I've been saying for a couple of weeks now, that if the trend is going to continue with the breakout in July towards new highs in October...

price needs to revisit the Weekly lows in September.

As we can see the trend reversal was down from the Weekly highs into the Weekly 50% level forming support. This could result in GOLD moving back upwards.

However, keep an eye on a double bottom over the next couple of weeks that aligns with the Weekly lows @ 1694 to 1679

Silver Primary and Weekly cycles

In the short-term, Silver should move up into next week's highs.

Those highs could form a resistance level and push price back down into the trailing Weekly level, which coincides with the Primary 100% level. (last week's report)

This week has seen Silver move up into the Weekly highs and reverse back down into the trailing Weekly levels.

Current trend continues to remain supported.

Current price action suggests a supported 5-day pattern next week coming into the start of September, and the next monthly 50% level will be the trend guide.

Another pattern to keep an eye on if Silver is going to move upwards over the next couple of months , I'd align the next upward trend with GOLD hitting the Weekly lows.. (support)

GOLD & SILVER Weekly Report 20th August 2011

2011-08-19T16:00:00.000-07:00

GOLD Primary and Weekly cycles

GOLD contines to rally as it's following a Quarterly break and extend pattern from the July highs towards new highs in October.

However, to get back into the trend price needs to revisit trailing support in September (Weekly lows @ 1655)), which matches the 100% level @ $1679

Silver Primary and Weekly cycles

Silver has continued to move upwards after rising up from the Weekly lows and helped by a breakout of the Weekly highs, with a target of $49.43

In the short-term, Silver should move up into next week's highs.

Those highs could form a resistance level and push price back down into the trailing Weekly level, which coincides with the Primary 100% level.

If the trend is going to continue upwards, it should remain above $40.81

GOLD & SILVER reports 12th August 2011 Weekly

2011-08-12T16:25:00.000-07:00

GOLD Primary and Weekly cycles

GOLD has spiked on the US credit downgrade, and the trend continues to follow the breakout patterns in the Weekly timeframe.

As noted in the previous reports, this trend can last towards higher highs into October (4th Quarter) and then into higher highs into 2012, and the next primary cycle.

However, the price remains in a bubble pattern above 1679 until it revisits the Weekly lows, and it might not revisit the Weekly lows until September.

SILVER Primary and Weekly cycles

Silver remains within a consolidation band above higher timeframe support levels.

As long as Silver remains above $36.80, the trend should continue towards higher highs into 2012

But in the mean time, Silver could continue to consolidate for the next couple of weeks into September, and then decide whether it will begin the next leg upwards using a support thrust pattern and the monthly 50% level.

Gold & Silver Weekly Report 6th August 2011

2011-08-05T16:53:00.000-07:00

GOLD Primary and Weekly cycles

Gold has reached the 2011 Yearly target @ 1679 and stalled.

This is my top target for 2011, but as explained in the previous report, there are a number of breakout patterns that can continue to extend towards higher highs.

The first being the Weekly breakout, that could extend towards next week's highs @ 1693.50

As we saw the Weekly high @ 1644 form support on Thursday, after sellers appeared once 1279 was reached.

The 2nd Breakout pattern is the July breakout that could extend towards higher highs in October (target unknown as yet)

But for those who have read my book, the next pattern to capture the July breakout is a retest of the Weekly lows in the 3rd month of the Quarter (September)

Therefore 1279 has been reached and could act as a major resistance level for the rest of 2011.

However, there is a possibility that the trend continues upwards next week, but.....

it's the trailing Weekly lows that long term traders want to see retested *( Validated)

Silver Primary and Weekly cycles

Silver has struggled to rise higher than the 2011 Target @ 40.81

And with this week's price action, likely to continue down into the 3rd quarterly 50% level @ $36.80...

$36.80 is a major support zone.

Long term traders (holders of Longs) don't want to see the price of silver trading below this level.

GOLD Report part 2 (3rd August 2011)

2011-08-02T16:38:00.000-07:00

Gold continues to move upwards with the expectation that it will move towards the August highs @ $1658... And the price of Gold could hit the 2011 target early next week $1679

(Weekly report)

GOLD Primary and Weekly cycles

Gold has reached it’s August highs, and will probably reach it’s Yearly high target @ 1677/79 over the next couple of days.

The Price of Gold could continue to trend upwards, based on the Quarterly breakout pattern in July, that could extend towards the 4^th Quarterly highs in October (target unknown as yet)…

And it could also continue to extend upwards into the highs of the next primary cycle in 2012 (targets unknown as yet).

Both these patterns are based on break and extend patterns in the current timeframe cycles (Primary & Secondary), that extend towards the following cycle highs in the future.

However, once it starts to trade above $1679, gold moves into bubble territory for 2011, which is a similar pattern that occurred in Silver earlier this year.

Therefore once 1675/79 is reached, the next long term BUY zones become the 3-month lows….

Traders could validated tops by using a Weekly 5-day cycle close (Friday) and use next week's open to determine whether the trend has continued upwards in the short-term, or sellers appear.

Note:- there is a breakout of this week's highs @ 1644, therefore there is still the possibility that this 5-day cycle continues towards next week's highs

GOLD & Silver 30th July 2011 Weekly Report

2011-07-29T16:45:00.000-07:00

Whilst Gold remains above the July highs, in theory, it should continue to push upwards and follow the weekly high cycles over the next 2-weeks and complete the move into 1677 by the first week of August...

Previous Weekly report

Gold Primary and Weekly cycles

Gold continues to move upwards with the expectation that it will move towards the August highs @ $1658...

and if they don't do anything over the weekend to rectify the debt ceiling issue, price of Gold could hit the 2011 target early next week $1679

Note:- if something happens and they raise the debt ceiling, along with the Friday high pattern, then next week will start with a 2-day reversal down towards the Weekly level $1594

and could reach the August 50% level by Friday...

If it does move down into the August 50% level @ $1574 by next Friday, then that level will be used as a trend guide of another attack towards the 2011 target (following Week)

Silver trading above the July 50% level, and in theory it should continue to follow next week's cycle highs...

and then another 5-days upwards at the start of August... (Previous Weekly report)

Silver Primary and Weekly cycles

Silver not as robust as gold, as the 2011 highs @ 40.81 continues to resist the trend from rising..

The short-term support level on Silver is next week's 50% level $ 38.96, and whilst it's above that level, the trend bias remains up.

However, if below, then the trend will revisit the 3rd quarterly 50% level @ $36.80

GOLD & Silver Report 23rd July 2011

2011-07-22T16:35:00.000-07:00

Gold Primary and Weekly cycles

GOLD continues to trade above the July highs @ 1576,

with an overall target of $1677 for 2011

Whilst Gold remains above the July highs in theory it should continue to push upwards and follow the weekly high cycles over the next 2-weeks and complete the move into 1677 by the first week of August.

The only concern is if the next 5-days continues to consolidate in a sideways pattern..

if that happens then the first week of August could move back down towards the August 50%

Silver Primary and Weekly cycles.

Silver trading above the July 50% level, and in theory it should continue to follow next week's cycle highs...

and then another 5-days upwards at the start of August, with an overall target of $49.43 during this Quarter

Weekly level @ $39.00 (short term support)

Quarterly 50% level @ $36.79 (SUPPORT)

GOLD & SILVER Report 16th July 2011

2011-07-15T17:42:00.000-07:00

GOLD Primary and Weekly cycles

Gold has reached its 3rd Quarterly highs @ $1594, with an overall target in 2011 @ $1677+
There is a breakout of the Weekly highs @ $1568, that should push up towards next week's highs...

If that happens I would look for the Price to slip back towards $ 1568 to $1552

Silver Primary and Weekly cycles

Silver should continue up towards next week's highs :- 40.35 to 40.81.

And Even though Silver could follow the same pattern as Gold and continue towards the 3rd Quarterly highs @ $48+

there is also the possibility that price revisits the Weekly level @ $37.34 next week

The Quarterly 50% level @ $36.75 is your trailing support price for the rest of this Quarter.

GOLD & SILVER Report 9th July 2011

2011-07-08T16:37:00.000-07:00

Friday's price action has the hallmarks of getting buyers excited on the metal once again if it begins trading above the July 50% level & $1502.90... that could see the trend make its way back towards the recent highs once again.

Previous Weekly report

Gold Primary and Weekly cycles

As noted in last week's report, the price action around the BUY set-up had to validated by price trading above the July 50% level and Weekly level $1502.

once that happened, the trend bias was to move back towards the highs.

Next Week:-

Short-term trend guide is based on the Weekly level @ $1540, which could see the trend follow the weekly highs towards next week's highs.

otherwise the Weekly 50% level is the trailing support level @ $1516

Silver Primary and Weekly cycles

Keep an eye for a possible up move, if Silver tests next week's lows @ $32.96 and buyers appear...if it breaks the 5-day highs/ Weekly 50% level, the price of silver could quickly move back towards $37-$39.....

Previous Weekly report

Silver didn't move down into the BUY set-up, but it did break out of the 5-day highs and Weekly 50% level.

The trend has continued back towards the Quarterly 50% level @ $36.80.

The Quarterly 50% level level along with the Weekly level $36.24 will determine whether Silver continues to move up towards $39+

If not Silver, can move back down towards $33.00 later in month.

GOLD & SILVER Report 2nd July 2011

2011-07-01T18:08:00.000-07:00

GOLD Primary and Weekly cycles

GOLD has continued with its downward reversal pattern at the start of the 3rd quarter, and looks to be moving down into the 3-Quarter support levels.

Those support levels are an ideal level to get back into the trend for all those that are still bullish on the metal.

Don't hold longs below $1446

However, what happens if those support levels aren't reached...

Friday's price action has the hallmarks of getting buyers excited on the metal once again if it begins trading above the July 50% level & $1502.90... that could see the trend make its way back towards the recent highs once again.

Silver Primary and Weekly cycles

Silver has started the 3rd Quarter below the 50% level, which can often lead to more downward pressure, and see price move down into the July lows @ $30.17

Over the past 3-weeks the price of silver has followed the Weekly range, making lower lows, and that may continue into next week's lows

Note:- keep an eye for a possible up move, if Silver tests next week's lows @ $32.96 and buyers appear.

if it breaks the 5-day highs/ Weekly 50% level, the price of silver could quickly move back towards $37-$39.....

And if it begins to trade and consolidate above the Quarterly 50% level once again, the upward trend will likely resume.

GOLD & SILVER Report 25th June 2011

2011-06-24T17:06:00.000-07:00

If the US Dollar is going to rise upwards next week.... traders need to be aware that if GOLD is trading below Weekly 50% level there may be downward pressure on the price of GOLD once again.

Previous Weekly report

GOLD Primary and Weekly cycles

USD dollar rose and Gold dropped, moving below the Weekly 50% level resulting in the trend moving lower and breaking a number of support levels.

There are 2 important patterns that can play out next week....

#1)Follows the Weekly range towards next week's lows, but then price remains in a tight 5-day range, whilst remaining below the breakout levels @ 1514.

#2) continues to move down towards the Support levels, as shown in the Primary chart in the 3rd Quarter.

In conclusion:- my view is that GOLD is moving down towards the 3rd Quarterly support levels, and those levels will define whether the trend will continue higher during 2011.

Quarterly support is the most robust zone for trends to begin from, and also the most logical level for the next leg of the Primary cycle, if you believe Gold will continue to rise in 2011.

However, keep in mind the failure of those support levels, but i'll come back to that at a later date.

Silver Primary and Weekly cycles

As noted over the past number of week's, Silver is more likely to remain in a tight sideways pattern until the start of the 3rd Quarter.

As we can see, Silver may remain within the Weekly ranges over the next 5-days, until the start of July..

or price could continue down into the June lows @ 31.30

However, we can also see that the trend is likely begin the 3rd Quarter below the support level, and if that's the case, there is the possibility that Silver could drop in the 2nd half of 2011.

And if it does, then the downside target is $24.93

If it gets down that LOW, then BUY silver.

In the mean time, the trend remains sideways, and it will be interesting to see how the next 5-days plays out, and where price is in relation to the 3rd Quarterly support level.

GOLD & SILVER Report 18th June 2011

2011-06-17T18:39:00.000-07:00

If the USD begins to reverse down then GOLD should find support at it's Weekly 50% level @ 1523 and push upwards, as part of a move towards higher highs in June/July

If the USD continues to rise up for the next 3-days, then we could get Commodities drifting sideways into July

Previous Weekly report

GOLD Primary and Weekly cycles.

GOLD remains above the Yearly highs, with a possible continuation of the trend upwards into July, within an overall target of $1679.

"if we follow text book patterns, then the Weekly highs are seen as resistance in the USD

And if the trend is going to continue higher, then we look for a minor reversal pattern downward starting Thursday , and for another leg upwards next week, as described in the book"

(Forex Report 15th June)

The USD moved upwards during the first 3-days, hit the Weekly highs, and then reversed down on Thursday & Friday

Those highs in the USD aligned with GOLD finding support above its Weekly 50% level on Thursday, and then moving up towards higher highs on Friday.

Therefore, if the USD is going to rise upwards next week (from Tuesday).... traders need to be aware that if GOLD is trading below Weekly 50% level there may be downward pressure on the price of GOLD once again.

The critical support levels remain the Trailing Weekly lows. (Green @ $1512)

Silver Primary and Weekly cycles

Silver remains supported above it's Primary highs, but with the USD moving upwards, silver looks to be moving into a sideways pattern for the rest of the month.

As mentioned over the past number of weeks....

the critical level in the trend will be defined by the 3rd Quarterly 50% level starting in July (Yellow)....

that is either going to send the price of silver towards new highs in the 3rd quarter....

or the trend reversing down towards

GOLD & SILVER Report 11th June 2011

2011-06-10T17:10:00.000-07:00

"Be aware that the trend may revisit the June 50% level on any short-term weakness.

That would be based on the US dollar moving into a short-term counter-trend move upwards later next week ..."

Previous Weekly report

GOLD Primary and Weekly cycles

The USD has risen late this week, putting pressure on Commodities to fall later in the week.

The level the USD has risen on Friday is at point that it can reverse down from next week, and resume its downward spiral, as part of the next stage of a 'dollar collapse'

If the USD begins to reverse down then GOLD should find support at it's Weekly 50% level @ 1523 and push upwards, as part of a move towards higher highs in June/July

If the USD continues to rise up for the next 3-days, then we could get Commodities drifting sideways into July, whilst GOLD slipping down towards the June 50% level and Weekly lows @ $1506

Silver and Weekly cycles

As noted in last week's report, Silver and Gold cycles are different, but if the USD drops Silver will rise, with a support level @ $35.26 coming into play.

If USD continues to rise....

Then silver will continue it sideways pattern into the start of the 3rd quarter...when the upward trend becomes less reliable if it begins trading below the 3rd Quarter 50% level.

GOLD & SILVER Report 4th June 2011

2011-06-03T17:44:00.000-07:00

Is Gold going to trend towards $1679 over the next 4 weeks, as the USD dollar collapses??

Because I'm a betting man I think it will.

If it is, then the most robust pattern would be to see the Weekly highs push the price of GOLD down into the June 50% level, which can provide the next set-up for the trend to continue higher from Wednesday onwards

Previous Weekly report

GOLD Primary and Weekly cycles

The USD dollar has been under pressure over the past 5-days, whilst GOLD continues to move upwards.

If the trend continues higher, then price can remain within an orderly pattern, and follow the Weekly highs, and then continue towards $1579 thereafter.

Last week saw selling pressure after the Weekly highs were reached, but the the trend didn't move down into the June 50% level, therefore be aware that the trend may revisit the June 50% level on any short-term weakness.

That would be based on the US dollar moving into a short-term counter-trend move upwards later next week

Silver Primary and Weekly cycles

I would have expected more strength last week, but the cycles are completely different when we compare Silver to GOLD.

GOLD is above the monthly 50% level, whilst Silver remains below.

Therefore, to validate a continuation upwards into the 3rd Quarter, price needs to be trading above the June 50% level @ $40.03

Otherwise traders need to be aware, that if the next few weeks move into a sideways pattern and then closes below the 3rd Quarter 50% level (higher step formation Yellow)....

Silver could come under selling pressure and revisit the Yearly 50% level.

In the mean time, the Primary cycles remain bullish...

but the short & intermediate cycles remain bearish to sideways.

GOLD & SILVER Report 28th may 2011

2011-05-27T16:38:00.000-07:00

Gold Primary and Weekly cycles

Is Gold going to trend towards $1679 over the next 4 weeks, as the USD dollar collapses??

Because I'm a betting man I think it will.

If it is, then the most robust pattern would be to see the Weekly highs push the price of GOLD down into the June 50% level, which can provide the next set-up for the trend to continue higher from Wednesday onwards

Note:- first target is $1679, but likely to extend towards the 3rd Quarter highs in July.

The UP Trend remains stable unless is breaks the Weekly lows in the 3rd month of the current Quarter

Silver Primary and Weekly cycles

Primary cycle suggests the trend will continue towards the 3rd Quarter highs in July.

That will be validated by a breakout of the Weekly highs and also above the June 50% level

In the short-term, if it's below $38.00 we could see Silver come down into the Weekly 50% level.

upward trend remains stable unless it breaks the Weekly lows

GOLD & SILVER Report 21st may 2011

2011-05-20T17:09:00.000-07:00

GOLD Primary and Secondary cycles

As noted in last week's report, a potential last week rise in GOLD is going to be defined by next Week's 50% level

GOLD remains supported above the Primary cycle highs, with an expectation that the trend can continue up towards $ 1679 in the 3rd Quarter (from July onwards)

Silver Primary and Secondary cycles

Silver can continue towards the 3rd Quarter highs, as long as it remains above the 2nd Quarter 50% level @ $32.44

This will be helped by silver moving back inside next week's levels....

with the trend guide being the Weekly 50% level, and support @ 32.79.

Short-term swing target is the MAY 50% level @ $41.65

GOLD, & Silver Reports 14th MAY 2011

2011-05-13T17:29:00.000-07:00

GOLD Primary and Weekly cycles

Gold continues to remain above higher timeframe support levels, but it failed to follow the Weekly high range once above the Weekly 50% level @ 1502.70

I still have the view that GOLD is moving higher (last Week of MAY)

however, first sign of weakness is for GOLD to be trading below 1479...

If that occurs, then next BUY zone remains around the 2nd Quarter 50% level support zones @ 1347-36.

I have a view that the USD is going to continue to rise (READ Forex Weekly report)...

and this might put pressure on Commodities in the short-term

Silver Primary and Weekly Cycles

Silver has found support @ $32.45 with the view that it is moving towards the 3rd quarter highs...

however, the trend guide is going to be defined by next week's level @ 36.68...

either silver moves back towards the weekly 50% level (3-day counter-trend move)

it moves down into monthly and Weekly lows @ $30.42

Weakness in commodities will be influenced by short-term strength in the USD

GOLD & SILVER Report 7th may 2011

2011-05-06T18:31:00.000-07:00

The ideal pattern to get back into trend (if your not on it)...
is to see a 1 week reversal pattern that closes on it's lows, but it aligns with the MAY 50% level....@ $1486

if the trend is going to continue upwards, it then should remain above 1492 and continue towards new highs in July, as it trends towards $1679

Previous Weekly report…

Gold Primary and Weekly cycles

Last week has seen a 5-day reversal pattern down into the Weekly lows, whilst remaining above the MAY 50% level.

The critical level for next week will be the Weekly 50% level @ $1502.70

The current price action could see GOLD move back towards the Weekly highs, and then reach the MAY highs in the last week of the month, if gold is still the flavour of the month.

However, never discount a delayed break of support in the 2nd week, if Monday's open begins to 'sell' down from the Weekly 50% level.

if the latter occurs, then the trailing support levels are @ 1347-68 in June

Silver Monthly and Weekly

As noted in last Week's report (Bubble and expected reversal pattern)..

along with the report on Wednesday, the breakout of Support levels will likely see the trend continue down into next week's lows.

If that occurs, then I'd look for a reversal pattern back towards the 40.80 to 41.65:- RETEST THE BREAKOUT

if that occurs, then my view is that the trend will try and move back down towards lows in late MAY, which should then provide support and the next 'long' set-up in silver in JUNE

In the short-term, my view is down into the Weekly and MAY lows (Support & possible counter-trend move upwards)

Note;- if Monday moves upwards and begins the 3-day reversal pattern to start the Week, then from Thursday onwards we begin to look 'sell' set-ups and resistance levels for a push back down into the MAY lows.

SILVER Report 5th MAY 2011 Update

2011-05-04T17:12:00.000-07:00

Silver is in bubble territory, & I would like to see the early price action in MAY come back and revisit support levels, before the trend has the potential to continue higher in the current year.

I would like to see a weekly 'bar' (5-days) come down into support levels...dip down into $38-39.22 (1-3 days)

Previous Weekly Report

Silver Monthly & Weekly

Silver is moving down during the current week into trailing support levels @ $38-39.22

If Silver is going to continue higher, then it will need to remain above these levels (Friday) and consolidate for the next 3-weeks, and then try late MAY or early June to see if the trend is going to continue higher (July Highs)

However, we can see it has broken Weekly low support ($40.80) (right chart)

This will normally lead to a break and extend pattern towards next week's lows...

and it's also below the monthly 50% level.

In conclusion:- if this 5-day reversal pattern is below those levels, then the trend bias can continue to move back down into the 3-month lows in MAY @ $31.35

GOLD & SILVER Report 30th April 2011

2011-04-29T18:00:00.000-07:00

GOLD Primary and Secondary cycles

As noted last week, whilst Gold is above 1492.00 the trend bias is to continue upwards, with the possibility that the trend continues towards $1679 in 2011.

In the short-term the trend is likely to see a push up towards next week's highs.

The ideal pattern to get back into trend (if your not on it)...

is to see a 1 week reversal pattern that closes on it's lows, but it aligns with the MAY 50% level....@ $1486

if the trend is going to continue upwards, it then should remain above 1492 and continue towards new highs in July, as it trends towards $1679

Silver Primary and Secondary cycles

Where silver is right now ($47.95), I deem it as 'bubble territory'...

however it doesn't mean that the trend can't continue to trend upwards during 2011.

There is a breakout of the April highs, which often will continue to trend up towards the highs in July (3rd Quarter, & target unknown as yet)

But if it's in bubble territory, then I would like to see the early price action in MAY come back and revisit support levels, before the trend has the potential to continue higher in the current year.

Basically, I would like to see a weekly 'bar' (5-days) come down into support levels

Support levels vary:- as it can remain above $41.52

or dip down into $38-39.22 (1-3 days)

And then move back above $41.52 and continue upwards into higher highs by July (3rd Quarter highs)

GOLD & SILVER Report 23rd April 2011

2011-04-23T00:18:00.000-07:00

Gold Primary cycle and Weekly timeframe

Gold continues to trade around the Primary and Secondary cycle highs...

Once again, I would like to see GOLD move back down down into trailing support levels (Weekly lows)

However, whilst it's above $1492.00 the trend bias is to follow the weekly timeframe and make new highs next week.

And if the USD dollar continues to collapse, traders will continue to flock towards the 'safe haven' and drive the price up towards the 100% of the yearly timeframe :- $1679.00

Silver Primary and Secondary cycles

Silver continues to rise higher than expected, but whilst it's above the April highs the trend bias is to follow the break and extend pattern towards the new highs in MAY.

Personally I wouldn't case the trend, but I did say that when it was trading around the highs in April @ $40.065.

I mentioned a couple of weeks ago that my view is that the trend will continue towards new highs in 2012, but to capture that trend it will need to reverse down some time in 2011 back towards trailing support levels in the current Quarter or the next.

GOLD, & Silver Reports 16th April 2011

2011-04-15T16:12:00.000-07:00

GOLD Primary cycles and Weekly

As noted in the previous report, my view is that both GOLD and Silver are trading around resistance levels, and I'm looking for a reversal pattern into trailing support levels.

However, resistance only lasted a couple of days until the weekly level @ 1445, and it then continued upwards following the Weekly highs, and may continue up towards next week's highs

first sign of weakness will be price trading inside the weekly channels (white)

2nd sign of further weakness will be a daily close below the weekly lows. @ 1424.75

What happens if there's no weakness?

If the month of April closes above 1492, there is the possibility that the trend makes a bee line towards $1679 in 2011

Silver Primary cycles and Weekly

My view was that Silver had reached a top last week @ 41.52 and would be in the process of reversing down.

However, it's now trading above that level and is following the Weekly pattern.

I believe Silver will continue to rise up into higher highs in 2012 (Target unknown yet, as it won't be known until the last day of 2011)...

but I can't be chasing silver at these levels, until it reverses down into trailing support levels.

first sign of weakness will be price trading inside the weekly channels (white)

2nd sign of further weakness will be a daily close below the weekly lows. @ 37.55

Silver 12th April 2011 Daily

2011-04-11T23:02:00.000-07:00

Silver Monthly and Weekly

As noted in the weekly report (9th April)...

My view is that Silver has reached a top in the secondary cycle, and I'm looking for the trend to rotate back down...

There are two possible patterns....

Remain within the Weekly levels over the next 3-weeks, and then push upwards from MAY, and make higher highs

Continue with a larger trend reversal, back down 31.06 to 32.41

For the latter to occur, it will need to break out of the Weekly lows @ $36.00

GOLD & SILVER Report 9th April 2011

2011-04-08T17:03:00.000-07:00

GOLD Primary and Secondary Cycles

If you are a GOLD bull and think Price is going to go higher, then you''ll want to BUY the dips.

As we can see in 2011, gold is moving into resistance levels around the 2nd Quarter highs, which is a similar pattern as in 2010.

The potential move in gold during 2011 is towards $1679

.... However, buying GOLD at these levels is open to Risk.

the next BUY would have to align with trailing support levels, as shown above, which might take until the 3rd quarter for price to reverse back down.

SILVER Primary and Secondary cycles

Silver is far more bullish on a technical sense, as it's trading above the 2011 highs, and most likely continue to trend upwards into 2012.

However, once again it's moving towards the highs in the secondary cycles, therefore buying Silver at these levels is open to risk....

The break and extend pattern has completed around this week's highs, and will often reverse back down into trailing support levels over the coming weeks.

Silver is a long term BUY, as in BUY the dips, but it's too high at the moment, and the next long term BUY would be around the 3-month lows, or in the 3rd Quarter...setting up further gains into 2012