Silver Cycles Down into July
04/29/15 INSIIDE Track: “Long-term trend in Gold is neutral while Silver is down. The current declines are expected to stretch into mid-2015 before a 3–5 year bottom… Gold & Silver remain on track for a final low in mid-2015. That is when – among many other things – an uncanny 11-year cycle between Major lows in Silver comes back into play. That cycle – which is very similar to the ~11-year Sunspot Cycle – creates a sequence between the 1971 low–1982 low (88% drop)–1993 low (77% drop)–2004 low (35% drop)–potential 2015 low (already dropped 70+%). However, its synergy is the key factor…
2015 is also when an uncanny 7-year cycle high (1973)–high (1980)–high (1987)–low (1994; price low came early in 1993)–low (2001)–low (2008)–low (2015) Cycle Progression recurs.
Corroborating that, a 15-17 month high (May ‘11)–high (Sept/Oct. ‘12)–high (Feb./Mar. 2014)–low? Cycle Progression projects a potential future low in June/July 2015. (That cycle extends back to the July 2008 secondary high.)
The Silver decline into June 2013 created a reinforcing 25-month high-low-(low) Cycle Progression (May 2011 high – June 2013 low – July 2015 low). Most recently, the Nov. ’14 & March ’15 lows perpetuated a ~4-month high-high-low-low Cycle Progression that next comes into play in July 2015.
So, the ideal scenario remains that Gold & Silver would see a final sell-off into mid-2015… even if that bottom is only a retest of the existing lows.
XAU Update: The XAU continues to rebound after fulfilling analysis for a drop to new intra-year lows in March and is beginning to turn its weekly 21 MAC up. A ~4-month cycle between lows still augurs an important bottom in early-July 2015. In the interim, the midpoint – in early-May – could produce an intervening high.”
–Gold & Silver Nearing Time for Major Bottom (as discussed since 3Q 2011)!!