The GOLD & Silver Report 10th November 2012

GOLD Primary and Weekly cycles

Last Week's price action looked bearish...

but this week's price action forming a fake break of Support can often lead to further upside moves into the end of the Year.

The Trend guide remains above the 4th Quarterly 50% level

Silver Primary & Weekly cycles

The exact same applies with Silver...

GOLD & Silver 3rd November 2012

GOLD Primary & Weekly cycles

As mentioned last week, support should have lasted 3-4 weeks, but it only lasted 1week and it's now below the 4th Quarter 50% level.

November may end up closing back above $1695.58, but at this stage it could just as easily go looking for the Monthly cycle Support zones

Silver Primary & Weekly cycles

4th Quarterly 50% level @ 31.88 has failed to hold support & along with price being driven down from the Yearly 50% level @ 34.51...

has the potential to move down towards the Support levels in 2013

GOLD & Silver 27th October 2012

GOLD Primary & Weekly cycles

4th Quaterly 50% level is seen as support, but it could take a number of weeks to consolidate above it before it tries to rise upwards in December...

if next week closes below it then that view is obviously wrong

Silver Primary & Weekly cycles

4th Quarterly 50% level is currently supporting the trend whilst the Primary 50% level is keeping it down...

Same pattern as Gold, it could take another 3-4 weeks to decide whether it's going to rise upwards or not.

GOLD & Silver Weekly Reports 20th October 2012

GOLD Primary and Weekly cycles

coming into major Support around the Weekly lows & 4th Quarterly 50% level @ 1695/1703

might take about 3 week's to decide whether it will make another play for the Quarterly highs later in December.

Silver Primary and Weekly cycles

Silver is now on critical support with the Quarterly cycles, after being pushed back down from the Primary 50% level @ $34.50

if October closes below 31.88 it's going to send prices lower into the start of 2013.

GOLD & Silver 14th October 2012

GOLD Primary and Weekly cycles

Trend guide on GOLD is defined by the Monthly levels @ 1767.06.

it failed to continue higher, and whilst below that level the trend bias is to revisit the 4th Quarterly 50% level @ 1696.58

Short-term:- the Weekly level will decide whether the trend continues down or remains within the Weekly cycles

SILVER Primary & Weekly cycles

looks to be moving down into the 4th Quarterly 50% level @ 31.88

GOLD & Silver 6th October 2012 Weekly Report

GOLD Primary annd Weekly cycles

Whilst GOLD is above 1767 the trend bias is UP towards the October highs

if below then trailing Support resides around 1696.58

SILVER Primary and Weekly cycles

I still think Silver is moving down into the 4th Quarterly 50% level @ 31.88 ( random support)

GOLD & Silver Weekly Report:- 29th September 2012

GOLD Primary and Weekly cycles

3rd Quarter target and resistance levels will shift higher

in October @ 1830

trend guide 1767

Silver Primary and Weekly cycles

Silver could continue up into 37.72

but I think it's going to visit the 4th Quarter 50% level @ 31.97

GOLD & Silver 22nd September 2012

GOLD Primary and Weekly cycles

Gold has hit resistance, and my view is that it will try and rotate downward into the start of the 4th Quarter

Silver Primary and Weekly cycles

Silver continues to BUTT its head against the Yearly 50% level @ $34.51..

Silver may continue to trend upwards in the last week of the Quarter towards 37.90

but my view is that it will try and retest the 4th Quarterly 50% level first....

Trend guide the Weekly level @ $34.71

GOLD & SILVER 15th September 2012 Weekly Reports

GOLD Primary and Weekly cycles

moving up into Resistance levels in the 3rd Quarter

Silver Primary and Weekly cycles

completes the move into the Yearly 50% level...$34.51

Hard to tell whether there's going to be further gains in Silver towards the Quarterly level @ $37.90..

Note:- breakout of the September highs in the 3rd Quarterly will normally continue to extend upwards into the 4th Quarter & October.

GOLD & Silver Weekly Report:- 8th September 2012

GOLD Primary and Weekly cycles

GOLD looks to be heading towards the 3rd Quarter highs @ 1782

Weekly lows continue to be the trailing support zone until it gets there

SILVER Primary & Weekly cycles

September highs stalled the trend for a number of days, but the attraction towards the Yearly 50% level 34.51 is too great.

34.51 is seen as a resistance zone, and without price reaching the Primary Support zones earlier in the year, it's too hard to tell whether Silver will continue above that Primary 50% level.