Gold & Silver Trigger Buy Signals!

Gold & Silver Trigger Buy Signals!
Gold Holds Extreme Downside Target;
4-Month Cycle Low Validated.

12/12/15 Weekly Re-Lay:

Gold & Silver are diverging (at least slightly) as Gold enters a multi-week period when its weekly 21 MAC is poised to flatten and potentially turn higher (due primarily to a sharp drop in the corresponding weekly 21 MARC).

For instance, the weekly 21 Low MARC drops from 1133.2/GCG this past week to 1077.9/GCG in the coming week.  If the low of the coming week is near 1077.9/GCG – that 21 Low MARC would flatten.  

During the following week (Dec. 21–24th), the opposing weekly 21 High MARC will drop from 1134.9/GCG (in the coming week) to 1104.8/GCG during that week.  So, Gold would only need to make it above 1104.8/GCG on Dec. 21–24th to turn the weekly 21 MAC up.

While this type of setup does not guarantee a new rally, it removes a critical impediment to Gold being able to rally.  Combined with Gold steadily rebounding from its intermediate cycle low – in late-Nov. – that further sets the stage for a surge.

 That low (Nov. 27th was the lowest weekly close) perpetuated a ~4-month/~17-week cycle that timed the Nov. ’14 low & subsequent lows in MarchJulyNov. ‘15.  If that low holds, Gold should experience another 2–3 month rally.

Of course, price support is also a reinforcing factor.  Gold attacked & held its monthly HLS in Nov. – the intra-month extreme downside target for that month – and then gave a brief intra-month spike low in December – attacking its final, 3–5 year downside target (and the primary downside target for 2015) at 1033–1045.0/GC.

With all of these factors arguing for at least a 2–3 month bottom – and at least a 1–2 month rally – the only thing left is for price action to confirm.  The first level of confirmation would come with a daily close above 1088.3/GCG – allowing Gold to turn its daily trend up.

Looking out over the next 1–2 months, the intermediate high set in October completed a ~90-degree advance from late-July & projects a subsequent high for late-Jan. 2016 – 90 & 180 degrees later (low-high-high Cycle Progression).

3–6 month & 6–12 month traders & investors can begin averaging into long positions in Gold & Silver at these levels (or lower) and hold them until a weekly close below the current lows.”  TRADING INVOLVES SUBSTANTIAL RISK.

Gold has perpetuated its ~4-month low-low cycle and projects future (1–2 month) lows in late-March & late-July 2016… with multi-month advances expected to precede both.  3–6 month & 6–12 month buy signals corroborate analysis for 2016 to be The Golden Year and to see an overall advance into mid-2016 – the largest & longest advance seen since before the 2011 peak.