GOLD & SILVER 7TH JULY 2012

GOLD PRIMARY & WEEKLY CYCLES

Trend bias is down into the July lows (3rd Quarter lows & Support)

If you think GOLD is going to rise, then this is the area that should be of interest.

However, a word of warning...

if those support levels don't hold, then GOLD will make it's way towards the Yearly lows @ $1293, which is the same pattern that's occurring in Silver...

And as you know, Gold is following a similar pattern as Silver, but delayed by a number of months

Silver Primary and Weekly cycles

July lows is the Target, and it's deemed as a support zone...

but I'm expecting a few days of trading to hit the 2012 Yearly lows @ 22.65

GOLD & Silver 30th June 2012 Weekly Report

GOLD Primary and Weekly cycles.

I still think Gold will come down into lower Support levels, as shown in the Primary cycle chart (left)

However, above the July 50% level and the trend bias is up.

Random resistance around 1642/47

Silver Primary and Weekly charts

Weekly 50% level will determine whether the Trend will continue higher or not..

With the Weekly highs as resistance.

Above those Weekly highs, & Silver is likely to continue to trend upwards & until the start of August

GOLD & SILVER 23 June 2012 Weekly reports

GOLD Primary and Weekly cycles

As per previous Weekly report, my view is that GOLd and Silver will continue down towards long term support zones.

Long term buyers should once again look to be accumulating gold around the $1495 mark, but don't throw all your eggs into one basket...

Simply because long term cycles could see the price of Gold dip further during the 3rd Quarterly cycle, and that's when buyers look to BUY into GOLD around those future dynamic lows.

If you have read my book and have a firm understanding how Quarterly cycles work, then you know that I'm  a firm believer of double dipping on falling prices.

Silver Primary and Weekly cycles.

I haven't waviered on my view that Silver will continue down after last years Bubble pattern.

June lows @ 25. 56 has random support during the 2nd Quarter, as it comes to an end

with long term BUY zones around the Primary cycle lows ($22.50/23.50)

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

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 

GOLD & SILVER Weekly Reports 2nd June 2012

Trend bias is down, as part of the break and extend pattern from the MAY lows into the June lows.

 However, there is 1 week to go in MAY, and often price can rotate upwards into the following monthly 50% level...

and then once again rejected down into the June lows, completing the break and extend pattern :- SUPPORT

GOLD Monthly and Weekly cycles

Unlike Index Markets this week, GOLD hasn't continued down into the June lows but has moved up towards the June 50% level and closed above.

That can often 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 while markets crap their pants...

Just be aware if price is back below the June 50% level the trend bias is likely to continue lower once again.

SILVER Primary and Weekly cycles

Same applies on Silver:- Resistance Weekly highs...

and still below the June 50% level, with the expectation that it's moving lower

GOLD & SILVER 26th MAY 2012 Weekly Reports

the fundamentals don't match the technicals, and just by looking at the technicals...

I still feel that GOLD will hit resistance levels around the MAY breakout and move lower...

 into the 2nd Quarterly Support levels, as shown in the Primary chart.

GOLD Primary and Weekly cycles

GOLD hit the MAY breakout levels and continued with its overall trend bias :- DOWN.

Target is the Quarterly Support levels, as shown in the Primary chart.

Trend bias is down, as part of the break and extend pattern from the MAY lows into the June lows.

However, there is 1 week to go in MAY, and often price can rotate upwards into the following monthly 50% level...

and then once again rejected down into the June lows, completing the break and extend pattern :- SUPPORT

Next week's level @ 1568 will determine the direction for the next 5-days.

SILVER Primary and Weekly cycles

Same applies in Silver...

Trend bias is down into Pimary cycles Support levels..

Whilst the Weekly 50% level will determine whether there is a last week rise in MAY...

and then another rejection down in June

GOLD & Silver 19th MAY 2012 Weekly reports

GOLD Primary and Weekly cycles

With all the crap occurring in the Euro zone with Greece, there is enough reason to park some money in Gold...

and see it continue to rise.

However, the fundamentals don't match the technicals, and just by looking at the technicals I still feel that GOLD will hit resistance levels around the MAY breakout and move lower...

 into the 2nd Quarterly Support levels, as shown in the Primary chart.

Silver Primary and Weekly cycles

Silver showing some buying, but the technicals don't match for continued strength.

long term support resides around the Primary cycle lows (support)

GOLD & SILVER 12th MAY 2012 Weekly Reports

GOLD Primary & Weekly cycles

Breakout of the Weekly lows should extend down into Next week lows, which is likely to provide a swing zone for a rise upwards.

However, the rise upwards will be short-lived, as the trend bias is to follow the MAY low breakout and extend down into new lows in June...

to coincide the Quarterly Support levels, as shown in the Primary cycles @ 1464/95

SILVER Primary and Weekly cycles

Trend is liklely to continue down into the Primary Support zones...

Whilst having short-term counter-trend moves upwards until then (Weekly cycles)

GOLD & SILVER Weekly Report 5th MAY 2012

GOLD Monthly and Weekly cycles

As mentioned in last week's report.... I though GOLD would struggle to Rise upwards, and it now appear price will continue to consolidate during the Current Quarter.

Weekly 50% level is the trend guide :- potential resistance.

for a move down into Random Support zones (Weekly lows)

SILVER Primary and Weekly cycles

Even though Silver continues to consolidate within the Primary cycle ( higher low), the overall trend remains bearish.

Next Week's lows are random Support zones, that may result in more consolidation within the Weekly cycles...

however, the MAY lows @ 28.99 is the attraction zone.