Gold & Silver on Track…

02/03/16 Weekly Re-Lay Alert:  “Gold & Silver continue to accelerate their advances, beginning the month of February with a reinforcement of the outlook for 1Q 2016.  As stated on Jan. 30^th: “Gold & Silver are both in daily uptrends, but pulling back.  There is a good argument that this pullback could end quickly and give way to a more accelerated advance.”

It did end quickly and the advance has accelerated – and escalated – with Silver providing another confirming close… 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. 11/14^th.  That is one reason why Silver could see a surge to its monthly LHR in February – at 15.550/SIH. 

3–6 month & 6–12 month traders and investors should have entered long positions in Gold & Silver in mid-Dec. (at ~1046–1076/GC & 13.62–13.88/SIH) and should hold them until [reserved for subscribers only]…  

1–4 week traders should have bought March Silver 14.750 call options 12–14.0 and be holding these…

The XAU continues to exhibit strength after perpetuating a ~30-degree high (Sept. 18^th)–high (Oct. 15/16^th)–low (Nov. 17/18^th)–low (Dec. 17^th)–low (Jan. 19^th) Cycle Progression.  It needs a weekly close above 50.00 to escalate this rally to the next level.”     TRADING INVOLVES SUBSTANTIAL RISK.