2016 – The Golden Year Validated
07/23/16 Weekly Re-Lay:
“Gold & Silver are showing preliminary signs of reversing lower. Traders should be holding partial Gold & Silver longs from mid-Dec., w/open gains, but have just exited 25% of Gold longs w/avg. gains of about $240/oz… [TRADING INVOLVES SUBSTANTIAL RISK!]
Gold & Silver are showing preliminary signs of another intermediate reversal, similar to the sequence of lows in late-March & late-May as well as the highs in Feb., March & May. Since its low, Gold has swung in 4–5 week movements – with the latest being a second 5-week advance…
Gold has signaled at least a 2–4 week top by turning its daily & intra-month trends down. If it turns its daily 21 MAC down – which becomes more easily attainable on/after July 27th – Gold would elevate the degree of this reversal.
xxxx.x/GCQ could be a decisive level in the coming week, incorporating the weekly trend neutral point, weekly SPS & possibly the daily 21 Low MARC (if tested at week’s end). [Specific trigger points reserved for subscribers only.]
Since this comes after Gold tested its multi-quarter LLH and Silver tested June’s monthly LHR (extreme upside target – at 21.19/SIU), the stage is being set for a 1–2 month (or longer) peak.
Silver further corroborated that by peaking within 1–2 weeks of testing & holding its weekly LHR and within 1–2 days of testing & holding its daily LHR… attaining extreme upside objectives – on three distinct levels – during the first two days of July.
A daily close below xx.xxx/SIU is needed to give the first confirmation of an intermediate peak… [Specific trigger points reserved for subscribers only.]
3–6 month & 6–12 month traders and investors should be holding partial long positions in Gold (~25%) & Silver (~50%) from mid-Dec. (~1046–1076/GC & 13.62–13.88/SI).
These traders should have just exited half of the remaining Gold position (~25% of original position) this past week at ~1315/GCQ w/avg. gains of about $240/oz or $24,000/contract. [TRADING INVOLVES SUBSTANTIAL RISK!]
Exit half of the remaining Silver longs (~25% of original position) on a daily close below xx.xxx/SIU. [Specific trigger points reserved for subscribers only.]
Hold the remaining ~25% of original position until weekly closes below… [Specific trigger points reserved for subscribers only.]
Gold & Silver are confirming that a multi-month peak has taken hold (in early-July), after fulfilling ongoing analysis for an initial ~6-month advance into mid-2016… to validate projections related to ‘2016- The Golden Year’. The action of the past 6–7 months should be viewed as a ‘yellow flag’ or ‘warning sign’ of what is likely to transpire in 2017–2018 (potentially lasting into 2021).
Natural events, geopolitical events & economic/monetary events are unfolding (many of them disguised to the masses) that set the stage for surprising events in the coming years. However, as emphasized SO MANY times in the past 5 years, the time for a Major, accelerated, blow-off advance in precious metals is NOT yet here… but it IS much closer. So, stay tuned.