GOLD & Silver 9th June 2012 Weekly Reports

often it  be interpreted as Bullish, but the cycles in the Quarterly timeframe aren't helping with the position of the 2nd Quartertly 50% level.

 Too early to tell whether GOLD continues to rise, just be aware if price is back below the June 50% level the trend bias is likely to continue lower once again.

GOLD Primary and Weekly cycles

I still have the view that GOLD is moving down into the June lows.

June 50% level is the trend guide.

SILVER Primary and Weekly cycles

Weekly 50% level is the trend guide...

and whether price continues down into June lows, as part of the Primary cycle

or there's a short-term rise towards the June 50% level:- resistance