New Gold & Silver Drop Imminent
09/27/16 Weekly Re-Lay Alert – Danger Period #2 on Deck:
“Gold & Silver have consolidated after fulfilling intermediate expectations for a sharp drop intolate-August – and down to 1–2 month targets – and an ensuing rally into early-Sept… that had Gold spiking up to a combination of weekly LHRs at 1347–1357.1/GCZ (extreme intra-week upside objectives).
At the time, both Gold & Silver attacked monthly resistance levels – a pattern that usually sets the high for that particular month…Gold & Silver are expected to remain in this multi-month corrective phase and to ultimately work to new 2–3 month lows.
Gold’s weekly LHR indicator – tested & held twice in Sept. – reinforces the likelihood that a secondary (lower) high is forming… that should spur a drop to new lows.
From a cycle perspective, the ideal scenario is for an overall decline into Nov. 2016… The Oct. 2016 INSIIDE Track will elaborate on a synergistic convergence of cycles in November.”
Gold, Silver & XAU preparing for impending sharp drop (#3) into early-October – with Gold’s downside target for that period still at 1260.0/GC. XAU downside target remains at 78–83.00. Silver’s ultimate downside target (could wait until Nov. 2016 to be reached) is ~16.00/SI. Acceleration lower expected in coming weeks.
See publications for additional analysis & trading strategies. Also, see 40-Year Cycle: Golden Years & 2016 – The Golden Year Reports for details on outlook for late-2016 into 2018 (and beyond).