GOLD & SILVER 8th December 2012

GOLD Primary & Weekly cycles

As noted in last week's report, GOLD & Silver looks like it's going to remain tight and sideways into the end of the year.

And if GOLD & Silver is going to move higher then the 2013 Yearly 50% level is the perfect zone for the next move upwards (SUPPORT)

Silver Primary & Weekly cycles

Support resides around the 2013 Yearly 50% level

GOLD &Silver Daily report 1st December 2012

GOLD Primary & Weekly cycles

Primary cycles suggest the price of GOLD could remain sideways into the end of 2012 and the start of 2013

However, last Week's close puts next week's open below the December 50% level, which is a bearish pattern...

The critical Support level next week if this trend is going to continue higher or at least remain stable is the Weekly lows @ 1700/1697

SILVEr Primary & monthly

Same larger cycle patterns puts Silver in a tight position until the end of the year.

Sure it can continue higher, but it will need to remain above the December 50% level @ 33.12

The GOLD & Silver 24th November 2012

GOLD Primary & Weekly cycles

Gold is either going to continue to move up into the 4th Quarter highs @ 1828.46 (Resistance)

or it's going to stall below 1757.06 and consolidate into the end of the year

SILVER Primary & Weekly cycles

Resistance Yearly 50% level and next week's highs...

Support:- 33.12/33.32

current price action in the 4th Quarter looks like a potential continuation in December/January towards $37.71

GOLD & Silver 17th November 2012 Weekly Report

GOLD Primary & Weekly cycles

GOLD remains in an uptrend as long as it remains above the Primary cycle levels....

Support:- 1696.58

Silver Primary & Weekly cycles

Same applies with Silver's Primary cycles

Support:- 31.88

Resistance 34.51 until the end of 2012

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)