GOLD & Silver 1st September 2013 Reports

GOLD Primary cycles

Gold has continued up into the August levels @ 1411 and stalled, helped by the ongoing troubles in the
Middle East, but in my opinion it was going to move up to that level regardless once it moves above the August 50% level.

The trend for the rest of the year is based on the September level @ 1397 (next week)...

It's either going to drift back down into the BUY zone @ 1337, as part of a larger Primary trend down into the 2014 lows....

However, there is a larger rotation that could take place that sees gold rotate upwards, as part of a move towards the 2014 Yearly 50% level :- 1491 to 1526

SILVER Primary Weekly cycles

The previous report mentioned that the BUY zone at 21.049 was seen as resistance, as part of a larger Primary trend from the 2013 Yearly lows towards the 2014 Yearly lows.

That changed once price moved above the August 50% level and broke out of the Weekly highs.

Even though there could be a flight back into the precious metals because of the Middle East, and also the FED making waves about cutting back on stimulus, the Primary cycles still suggests that the Primary lows @ 2013 will form resistance and continue lower in 2014. 

GOLD & Silver 3rd August 2013 Weekly Report

GOLD Primary cycles

As noted in the Previous Report, 1337 has attracted price but has formed resistance

The Primary cycles based on the Dilernia Principle of break & extend from 1526.96 has gold moving down towards 1100, and the next long term BUY zone for Gold.

The movement downward will be defined by the August levels:- 1249.

However, keep and eye on the August 50% level, which aligns with 1337, if above, the August highs at 1411 is the short-term attraction target over the next 4-weeks

Silver Primary & Weekly cycles

Weekly lows is the Support zone, as it makes it's way up towards 21.049, which is seen as resistance.

Note:- Primary cycles suggest a break & extend pattern towards the 2014 lows around $16.00

GOLD & Silver Weekly Report 29th June 2013

GOLD Primary & Weekly cycles

BUY zones @ 1337 held, until the June level sent it back down, as part of an overall bear trend into 2014, which has been mentioned for a number of weeks now.

The BUY zone @ 1337 will attract the price of GOLD, but it's likely to form resistance, as part of that Bear Trend.

Silver Primary & Weekly cycles

Same pattern in Silver as Gold, with the BUY zone Failing.

if we follow the breakout pattern in June, then it should continue down into July's lows @ 17.00..

if Above 19.60, then it's like to swing up into the BUY zone and July 50% level @ 21.97 and stall.

GOLD & Silver Weekly Reports 8th June 2013

GOLD Primary cycles

Gold remains above the BUY zone @ 1337, and I still have the view it's going to swing up into 1480, (minor resistance), and as high as 1527 (major resistance), by the end of the year.

However, it needs to begin trading above 1403 and the June monthly cycle

Silver Primary & Weekly cycles

Remains above the BUY zone @ 21.049 (just)

Resistance remains around $24.95..

Note:- both Gold & Silver are in bear trends, as they are below the 2013 Yearly lows, so there's an expectation that the trend will continue lower into 2014

GOLD & Silver 25th MAY 2013 Weekly Reports

GOLD Primary and Weekly cycles

Gold continues to remain above the BUY zone...

and if it's going to continue to rise upwards and retest the Breakout of 2013

then keep an eye on the levels in June (white) @ 1408

Silver Primary and Weekly cycles

Silver Primary cycles BUY zone was hit, and based on the levels in the Weekly cycles

my view is that Silver is going to swing upwards...

but fail to make it higher than the break of the 2013 Primary Support levels.

This Primary down trend is likely going to last into next Year.

GOLD & SILVER 27TH APRIL 2013

GOLD PRIMARY & WEEKLY CYCLES

As per previous report, GOLD has continued to move up towards the 2013 yearly breakout....

trend guide 1439.50

resistance 1527/1547

SILVER PRIMARY & WEEKLY Cycles

Below Primary support levels and trend bias is to continue down into the BUY zone @ 21.0492.

It's either to continue down next week into that level, otherwise it's moving up towards the MAY 50% level, which is seen as resistance.

NOTE: THIS IS THE LAST GOLD & SILVER REPORT FOR A NUMBER OF WEEKS

Gold 18th April 2013 Daily Report

GOLD Primary cycles

GOLD has broken it's 2013 lows (breakout) and  has moved down into long term BUY zones, within the Primary cycles...@ 1337.73

Expectation is that of a swing back up towards those same lows @ $1527, which is seen as resistance.

Note:- as mentioned in the Weekly Report, this bear trend can last for 2 years, if this BUY zone can't hold, then don't touch gold until much lower prices in 2014.

Gold & Silver 13th April 2013 Weekly Reports

GOLD Primary & Weekly cycles

Gold is now extremely bearish with a breakout of Primary Support in 2013.

when we look at past patterns in Primary cycles, this downward trend could last into a 2nd year (2014)....Previous Weekly Report

And even though price could swing up from the next week's lows, those who know my work need to be aware that this breakout pattern can see lower prices in future months/Quarters until 2014.

Silver Primary & Weekly cycles

Silver is finally down into 2013 Yearly lows...

Random Support around next week's lows @ 25.52,

but be aware that below the 2nd Quarterly lows @ 27.37 could see minor cycles continue to extend lower over the coming weeks.

GOLD & Silver 6th April 2013 Weekly Reports

GOLD Primary & Weekly Report

Still trading around Primary Support, as price swings off the April lows.

It's still too early to say that the price of Gold will now rise, but the first positive sign will be a breakout of the Weekly highs @ 1617.

With tensions rising in North Korea, this could help GOLD move upwards....

However, when we look at past patterns in Primary cycles, this downward trend could last into a 2nd year (2014)

Silver Primary & Weekly cycles

Finally nearing Primary Support levels in 2013 :- $25.60 - $26.27

GOLD & Silver 23rd March 2013 Weekly Reports

GOLD Primary & Weekly cycles

Primary Support @ 1572, but any further upside needs to see a breakout of the Weekly highs,

for a 2-month trend upwards towards the Yearly 50% level.

otherwise the trend will once again move back down and test the Weekly lows

SILVER Primary & Weekly cycles

I still have the view that the trend is moving down into Primary support....

However, a move down into the Weekly lows and then a breakout of the 5-day highs, will see Silver heading up towards the 2013 Yearly 50% level once again.(Resistance)