Gold/Silver Signal Accelerated Move

04/11/16 Weekly Re-Lay Alert:

“Gold & Silver surged into April 11^th – the latest phase of a developing month-to-month Cycle Progression (Feb. 11^th high–March 11^thhigh–April 11^th high… a ~30-degree cycle between highs). That also completed the latest swing of 10 trading days that link the Feb. 11^thhigh, Feb. 26^th low, March 11^th high & March 28^th low… with a potential April 11^th high.  [Next high would be April 25th.] 

However, today’s action shows more signs of acceleration…reinforcing the overall bullish outlook for April–June…

Silver needs to give a weekly close above 16.005/SIK to turn that trend up (a lagging/confirming indicator) and project add’l upside. Today’s action ushers in another chance for that to occur – at week’s end (April 15^th close)…When Silver ultimately exceeds this level, it is likely to accelerate higher. 

And that potential – for an accelerated move to the upside – demands a review of some key cycle highs in the coming months (since Gold & Silver are notorious for accelerating higher in the final days of a cycle and often achieving a large part of their moves in a very short period of time – leading into cycle highs):

On an intermediate basis, Silver has a very consistent ~5-week (34–36 day) high (Oct. 28)–high (Dec. 4)–high (Jan. 7)–high (Feb. 11)–high (Mar. 18) Cycle Progression that next comes into play on April 21–24^th… and could portend another peak.

In most cases, those highs are the result of a 2–3 day surge like the 2-day/5% surge of Dec. 3^rd/4^th, the 2-day/~6% surge of Feb. 10^th/11^th & the 3-day/6+% surge of March 16–18^th.  That is one (of many) reasons why Gold & Silver were/are expected to see an abrupt surge around April 19^th.

Gold has related, intermediate cycles on April 25–29^th that could also time the next 2–4 week peak…That is also the mid-point of the current ~90-degree high-high cycle – separating the mid-March peak with an expected mid-June peak, as expressed in the ongoing outlook.  The middle half of June 2016 is the next phase of a related ~90-degree low-high-high Cycle Progression that also includes the mid-Dec. low.

And on the topic of mid-points, the April 21/24^th date in Silver is also the mid-point of an overlapping ~10-week (68–71 day) high (Aug. 21)–high (Oct. 28)–high (Jan. 7)–high (March 18) Cycle Progression that projects a subsequent peak for May 25–28^th.  All that to say that today’s action could just be a precursor to a larger move after April 15^th.” 

April 11^th Surge Confirms April 4^th Low Close (lowest daily close in Gold since Feb. 22^nd and lowest daily close in Silver since March 1^st).  Bullish Cycles Taking Hold With a Vengeance:  Watch Days Surrounding April 19^th!  Middle half of June 2016 = Pivotal Cycle High.