Gold & Silver Enter New Bullish Phase
04/12/16 INSIIDE Track Intra-month Update:
“Gold & Silver surged to begin the week, extending their recent rebounds as Gold turned its daily & intra-month trends up & Silver rallied to new highs. That trend signal (in Gold) has been the focus of recent weeks, a deciding factor in what to expect before/after mid-April and the key factor in determining whether a new impulse wave would originate from lower lows – than those set in late-March – or higher lows…
It does not (yet) signal a breakout higher, but does reinforce the overall bullish outlook for April–June. Silver has turned its intra-month trend up but not its daily trend. It would take a daily close above 16.230/SIK to do so. Silver still needs to give a weekly close above 16.005/SIK to turn its weekly trend up (a lagging/confirming indicator) and project add’l upside…
Gold has related, intermediate cycles on April 25–29th that could also time the next 2–4 week peak IF an accelerated advance is seen next week… and takes Gold to new highs.
That is also the mid-point of the current ~90-degree high-high cycle – separating the mid-March peak with an expected mid-June peak, as expressed in the ongoing outlook.
The XAU is breaking out to the upside, attacking 3–6 month resistance & upside objectives at 78.20–81.05.” [See related Weekly Re-Lay publications for additional details regarding future June 2016 cycle high… potentially the most important high of 2016.]
Gold & Silver confirming bullish outlook for April–June 2016. Initial surge into April 29th possible. Overall advance expected to last into ‘middle half of June 2016’ – when important peak is most likely (see recent Weekly Re-Lays). See 2016 – The Golden Year & 40-Year Cycle: The Golden Years Reports for additional details on longer-term outlook and what it portends for 2016/2017.