Gold/Silver Projected Sell-off on Track
08/20/16 Weekly Re-Lay:
“Gold & Silver remain below their early-July highs, increasing the potential that they are entering a ‘c’ wave decline after completing what was expected to be a ‘b’ wave bounce into early-August… when geometric cycles recurred…
The outlook for Gold & Silver has been to see a second sell-off into late-August – the next phase of a ~90-degree cycle that has timed intermediate lows (in either Gold, Silver or both) in late-Nov. ’15, late-Feb. & late-May ’16…and then bounce to a lower high in early-Sept… before another drop (potentially lasting into early-October).
A 9–10 week low-low-high-high-(high) Cycle Progression in Silver corroborates that – projecting a secondary high for Sept. 6–16th.
The developing decline should carry Gold & Silver down to… [reserved for subscribers only]…
The XAU turned its daily trend down…This developing reversal is coming right after the XAU attacked its 2–3 month LLH objective… and could prompt a quick drop in the second half ofAugust… [reserved for subscribers only]…
3–6 month & 6–12 month traders and investors should be holding partial long positions in Gold & Silver (~25%) from mid-Dec. (~1046–1076/GC & 13.62–13.88/SI).
Hold these until [reserved for subscribers only]…. Partial exit signals were triggered in Gold (early-July) & Silver (early-August), reinforcing cycle analysis for an intermediate top.”
Gold & Silver fulfilling bearish 3Q 2016 outlook & Gold’s 2–3 month sell signal triggered in early-July. The intermediate outlook is still for two more sharp drops – the first into late-August and the second into early-October… with an intervening (lower) peak in early-Sept. Ultimate downside price targets still significantly lower… and could wait until 4Q 2016 to be tested. See publications for additional analysis & trading strategies.