Gold & Silver Set Early-July Peaks

07/09/16 Weekly Re-Lay: 

“Gold & Silver remain bullish, completing a positive June with some carry-over buying into early-July.  That continues to reinforce projections for 2016 to be The Golden Year.

From a multi-year standpoint, this further corroborates the overall roadmap for 2016–2018, in which Gold, Silver & the XAU were expected to see an initial advance into mid-2016, a secondary low in late-2016, and then a more sustained & pronounced advance in 2017–2018…

This action also reinforces the correlation explained in previous Euro Reports, in which it was becoming more likely that the Dollar Index & Gold could rally in tandem… despite how incongruent that seems to many traders.  The two can – and often do – move in close concert.  

Since the final week of May, Gold, Silver, the Dollar Index AND Yen have all surged significantly.  Don’t be surprised to see more of this type of action – in the second half of 2016 – as Euro troubles begin to intensify… and to accelerate.  [See INSIIDE Track for critical time frame in late-2016 and what it means for 2017–2018.]

The XAU remains in an all-out uptrend and has quickly surged to 1–2 year resistance (105–107.50/ XAU) and could spike up to ~117.50 if it closes above 107.50 (see July 2016 INSIIDE Track for details). 

 3–6 month & 6–12 month traders and investors should be holding partial (~50%) long positions in Gold & Silver from mid-Dec. (~1046–1076/GC & 13.62–13.88/SI).  Hold these until [reserved for subscribers only].”

Gold & Silver reinforcing outlook for ‘2016- The Golden Year’ – setting stage for multi-month period of volatile consolidation and late-2016 low.  Sept. 2016 is key phase in overall Roadmap.