Gold & Silver Remain Negative
10/22/16 Weekly Re-Lay:
“Gold & Silver bounced after fulfilling projections for a sharp drop into early-Oct. A final decline is expected to take metals lower into Nov…
Gold & Silver have rebounded since fulfilling the latest phase of the 3–6 month outlook, which called for another drop (the third since early-July) into early-October… and down to at least ~1260.0/GCZ.
Gold came within a few dollars of testing its monthly HLS at ~1238.0/GCZ (extreme intra-month downside objective for October)…The overall outlook remains for lower prices into Nov. 7–18, 2016 – when Silver has the greatest synergy of cycles converging. See the October 2016 INSIIDE Track for more details.
Gold corroborates that with an 8–9 week high-high-high-high-high Cycle Progression projecting an ensuing 8–9 week decline (from the early-Sept. peak) – into Oct. 31–Nov. 11, 2016.
3–6 month & 6–12 month traders should [reserved for subscribers only]….
Copper has twice neutralized its weekly uptrend…A 20–21 week low-low-low-(low) Cycle Progressionprojects a bottom for Oct. 24–Nov. 4th…
Gold & Silver have consolidated but are expected to soon resume their multi-month downtrends, with Gold likely to test [reserved for subscribers only] in the coming weeks & Silver projected to reach at least16.000/SI.”
Gold & Silver preparing for resumption of declines in November… expected to produce a sharp sell-off into Nov. 7–18, 2016. Copper is poised for secondary low in late-Oct. after providing textbook pattern for MAJOR bottom & subsequent surge. See publications for additional analysis & trading strategies. Also, see 40-Year Cycle: Golden Years & 2016 – The Golden Year Reports for details on outlook for late-2016 into2018 (and beyond).