Gold & Silver Reinforcing Add’l Upside

09/19/15 Weekly Re-Lay: “Gold & Silver confirmed their projected lows (Sept. 10/11^th) – the latest phase of the 6–7 trading-day Cycle Progression that has governed the action of the past couple months – and are powerfully validating expectations for a subsequent rally into ~Sept. 24^th.

The action of Sept. 14^th & 15^th reinforced that outlook as both metals held their Sept. 11^th lows – a low that attacked & held the 2DGR (.786) retracement level in Gold… the most common level for a ‘b’ or ‘2’ wave low.  Silver retested its Sept. 11^th low and did not close below it, reaffirming its significance and a likely low.

As a result, Gold & Silver are still expected to rally into Sept. 21–25^th and perpetuate a 17–18 week cycle as well as a ~30-degree low (July 24^th)–high (Aug. 24^th)–high (Sept. 24^th) Cycle Progression.

As explained this past week, however, the action of Sept. 1^st–15^th increased the potential that there will be more (to the upside) in the near future.  [Refer to the Sept. 16, 2015 Intraday Alert for details on that scenario, on how far this rally could extend, and on what would trigger a corresponding ‘4-Shadow’ signal.]

Ultimately, Gold needs to give a weekly close above 1172.3/GCZ…All of this is expected to set the stage for Gold & Silver to turn even more positive in 2016 – The Golden Year. That also dovetails with analysis for several commodities (and some of the other metals) to bottom in Nov./Dec. 2015…

Gold & Silver are mimicking the action of Nov. & Dec. 2014, when both set intermediate lows – in perfect synchronicity with intermediate (Nov. ’14) cycles – and both rebounded. 

Then, during the ensuing pullback, Silver spiked to a new low (without ever giving a weekly close below its previous low) as Gold bottomed at higher levels – after a .786 retracement… just as these two metals have done in 3Q ’15.

That is VERY similar to what took place between July 24^th–Aug. 26^th, when Silver spiked to new lows without ever giving a weekly close below its July 24^th low… and Gold bottomed at higher levels.

In Dec. 2014, both metals then surged into Jan. 22^nd.  Is something similar in the cards??”

Gold & Silver increasing potential to extend rally into late-Oct. before a final decline.  Gold needs to give weekly close above 1172.3/GCZ to provide additional validation to outlook for early-2016.  Remaining cycles bottom in Nov./Dec. 2015 and should usher in sharp advance in 1Q 2016… to ultimate ‘4-Shadow’ objective – as first phase of expectations for 2016 – The Golden Year.  If both of these unfold, it would powerfully reinforce the outlook for 2016!

See 2016 – The Golden Year Reports for additional analysis on why this could also be a precursor to momentous shifts in specific Middle East nations (as well as Russia & China), beginning in 2016–2017 and carrying forward into Middle East Unification Cycles in 2018–2021!  Crude & related petro-currencies should bottom in 1Q 2016 and also begin to reverse higher.