GOLD & Silver 9th March 2013 Weekly Report

GOLD Primary and Weekly cycles

Continues to trade right on Primary support, and may continue to do so until the end of the month and the start of the 2nd Quarter.

Short-term trend defined by the Weekly 50% level, with a suggestion that it can dip down into the Weekly lows (March lows)

Silver Primary & Weekly cycles

Bearish Primary cycles towards the lower Support levels.

However, the Weekly 50% level will determine whether there is a short-term rise towards the Weekly highs & March 50% level:- Resistance

GOLD & Silver 2nd March 2013 Weekly Report

GOLD Primary & Weekly cycles

Trading around Primary cycle support...

but likely to move down into the March lows, which could provide some support that matches the larger timeframe cycle Support...

Note:- even though the current trend is bearish, it will be extremely bearish below Primary & March low Support

Silver Primary & Weekly cycles

March low support @ 27.44

but I still have the view that it is moving down into the 2013 Yearly lows around $25.70

GOLD & Silver 24th February 2013 Weekly Reports

GOLD Primary & Weekly cycles

Gold is right on Primary support, but any rise upwards next week is likely going to stall around the February lows...

Monthly cycles is still showing weakness, as a breakout of the February lows can extend down into the March lows....

In a Nut-Shell, Gold needs to remain above the Primary Support @ 1532, or it's going to struggle to make any upward moves for the next 12-24 months.

Silver Primary & Weekly cycles

There's still more room to move downward into the Primary support levels

GOLD & SILVER 16th February 2013

GOLD Primary & Weekly cycles

Bearish and heading down into Primary Support levels...

long term holders don't want to see GOLD trading below 1532, as it will be depressed for the next 2 years.

SILVER Primary & Weekly cycles

Heading down into the Weekly lows....

with the trend bias towards the long term support around $25.50

GOLD & Silver 9th February 2013 Weekly Report

GOLD Primary & Weekly cycles

Primary cycles just holding the support levels...(Yearly 50% level)

Weekly cycles  continue to show weakness

SILVER Primary & Weekly cycles

Primary cycles holding support...

but this week the Weekly cycles couldn't follow with further BUYing:- short-term weakness showing

GOLD & Silver 3rd January 2013 Weekly Reports

GOLD Primary & Weekly cycles

Gold is consolidating around the 2013 Yearly 50% level, whilst the Weekly cycles are showing weakness,

as price was rejected downward from the February 50% level.

Random Support around the Weekly lows.....

A failure of those Weekly lows, and the trend bias is down towards the Febraury and then the MARCH monthly lows

Silver Primary & Weekly cycles

Price patterns in Silver are slightly different, as it's above both the Primary 50% level and also the February 50% level...@

Therefore Silver is holding its head above water

GOLD & SILVER 26th January 2013

GOLD Primary & Weekly cycles

GOLD's failure to breakout of the Weekly highs & the January 50% level puts pressure on the trend to continue to fall towards long term Support levels

Silver Primary & Weekly cycles

Silver following Gold, but the Weekly 50% level will determine whether the trend continues down

or remains caught between the Weekly 50% level and the upper Weekly level @ 31.887

for the 5-days

19th January 2013 GOLD & Silver cycles

GOLD Primary & Weekly cycles

GOLD has quickly changed its trend with the switch of the Weekly cycles (Weekly 50% level), and all it needs to do is close above the January 50% level & Weekly highs.

But with the trend now above the Yearly 50% level, the Primary cycle becomes bullish again.

Silver Primary & Weekly cycles

Same applies with Silver...

The January close comes into play along with the 2013 50% level.

GOLD &Silver 12th January 2013 Weekly Reports

GOLD Primary & Weekly cycles

I still have the view that GOLD is being pushed downward from the 2013 50% level...

however, things can quickly change if January closes above those same levels

SILVER Primary & Weekly cycles

Same applies in Silver

GOLD & Silver 5th January 2013

GOLD Primary & Weekly cycles

As noted in last week's report, expectation was that GOLD would push downward into the January lows, which puts the Primary trend as bearish.

Whilst Gold remains below 1667.50 the trend bias is to continue down towards the lower Support levels.

A Robust change of trend will occur with a breakout of the Weekly highs and price trading above the January 50% level.

Otherwise keep your money in your pocket

SILVER Primary & Weekly cycles

Just as the 2012 yearly 50% level  kept the trend from rising in the last 6 months of the year, the 2013 50% level is now pushing the Trend downward, with long term support around $25.50

Things can quickly change, but it will need to breakout & close above the Weekly highs on a Friday to gather momentum.

Otherwise keep your money in your pocket.

Short-term trend guide is the Weekly 50% level @ 30.53