Gold/Silver Honing Cycle Low

June 27, 2015 – Gold & Silver are poised to bottom in July 2015…when a myriad of longer-term cycles (weekly, monthly, yearly & multi-year) project an important bottom.  Many of these cycles are more precise in Silver…

June/July 2015 is when a pair of uncanny, multi-year cycles (7-Year Cycle & 11-Year Cycle) converge with a 15-17 month high (May ‘11)–high (Sept/Oct. ‘12)–high (Feb./Mar. 2014)–low Cycle ProgressionAND with a 25-month high-low-(low) Cycle Progression (May 2011 high – June 2013 low – July 2015 low).

July 2015 also perpetuates a ~4-month high-high-low-low-(low) Cycle Progression & a related ~8-month high-low-(low) Cycle Progression.

The 17–18 week high-high-low-low-(low) Cycle Progression – that amounts to that ~4-month cycle – pinpoints July 13–17^th as the ideal time for a bottom.  In the case of Gold, a drop into July 13–17^th would also complete successive, 8-week declines – from mid-Jan. into mid-March & from mid-May into mid-July.

That (potential) 8-week decline has been corroborated by the June 18^th high – creating a 4-week high-high-(low) Cycle Progression targeted for July 13–17^th.  These ~30-degree & ~60-degree swings (March 18^th–May 18^th–June 18^th) also target July 17^th for an intermediate turning point.

As precious metals trade through this decisive period, it is equally important to focus on what is expected – a resurgence of commodity inflation – to take hold in 3Q & 4Q 2015.  Recent surges in the grain markets are corroborating that.

A couple technical indicators reinforce this possibility.  First, there is the declining weekly 21 MARC discussed last week.  As explained then, the first part of that pattern provides a descending resistance level (from now into mid-July).

Once (if) price action breaks through that resistance – or that resistance ‘leap-frogs’ current price action on its way down – it quickly flips and becomes a key support level and potential floor under prices.  (That is most likely in late-July.)

Then, there is the weekly HLS – that was just tested & held in Silver.  That pattern usually generates a multi-month low within 3 weeks… July 13–17^th…

Bottom Line:  As has been anticipated throughout 2015 – and for several years – Gold & Silver are entering a 3–6 month & 1–2 year period when many factors (cyclical, technical & even fundamental) should begin to support the price of precious metals and spur a new advance… lasting into – and at least half-way through – 2016.

Before that occurs, however, Gold & Silver need to complete their latest declines and then signal a reversal higher.”

Ideally, Gold & Silver would drop into July 17^th and then begin to reverse higher on July 20–24^th… 

The 17-18 Week Cycle projects that (July 13–24^th low).

The ~30 & ~60-degree cycle sequence projects it (July 17^th/20^th = fulfillment).

The weekly HLS projects it.

The weekly 21 MARCs project it (negative into July 17^th; potentially turning positive on July 27–31^st).

As reiterated in the June 2015 INSIIDE Track, Major support exists at 1087.0/GC & 14.570–14.650/SI.