GOLD Silver 16th June 2012 Weekly Reports

Gold Primary and Weekly cycles

GOLD didn't remain below the June 50% level (& Weekly level)

short-term it looks to be moving up into the Weekly highs next week. (Resistance)

I still have the view that the APRIL (2nd Quarterly 50% level) will act as resistance until July

Silver Primary and Weekly cycles

Continues to remain within a sideways pattern above the Weekly 50% levels

I still have the view that it's moving down into Primary support...

but whilst above the Weekly 50% level, it remains stable within a BEAR TREND