Gold & Silver Stocks Confirming
02/06/16 Weekly Re-Lay: “Gold & Silver continue to accelerate their advances, beginning the month of February with a reinforcement of the outlook for 1Q 2016…
Silver is increasing the likelihood that it has set a Major bottom, fulfilling multiple yearly & monthly cycles while forming a bullish wedge and then triggering a 3–6 month buy signal on Dec. 11/14th. That is one reason why Silver could see a surge to its monthly LHR in February – at 15.550/SIH…
The XAU continues to exhibit strength, rocketing higher after perpetuating a ~30-degree high (Sept. 18th)–high (Oct. 15/16th)–low (Nov. 17/18th)–low (Dec. 17th)–low (Jan. 19th) Cycle Progression.
It has turned its intra-year trend up, confirming that (at least) a multi-month low is intact. Similar to Silver, however, it cannot turn its weekly trend (a lagging/confirming indicator) up until Feb. 19th, at the earliest…
Gold & Silver surged during the first week of Feb., turning their intra-month trends up. That could/should spur some follow-through in the coming week.
1–4 week traders should have bought March Silver 14.750 call options 12–14.0 and be holding these…” TRADING INVOLVES SUBSTANTIAL RISK.
Gold & Silver’s projected ~3-month surge should provide important confirmation to analysis for the remainder of 2016. Substantially higher levels could be seen in 2016… IF this initial advance lasts 13 weeks or more AND fulfills 4-Shadow targets triggered in Oct. & mid-Dec. 2015.