Silver Confirms Buy Signal

12/26/15 Weekly Re-Lay:

“Gold & Silver are steadily validating the potential for a bottom near current levels.  The first corroboration to that scenario just appeared with Silver reversing its daily trend up as it turned its daily 21 MAC higher.  Gold could do both of these things with a daily close above 1088.3/GCG on Monday.

Gold maintains critical support – and its second, 3–5 year downside target (and the primary downside target for 2015) at 1033–1045.0/GC.  That is where a Major bottom has been – and still is – considered most likely.  With Gold attacking the top of that range, it provided minimum fulfillment to that 3–5 year objective.

Simultaneously, Gold provided corresponding signals that a low was imminent.  It tested & held its monthly HLS in Nov. – the intra-month extreme downside target for that month – a signal that is usually followed by a multi-quarter bottom in the ensuing month(s).

Gold then gave a brief intra-month spike low in December, attacking its multi-year downside target, and then quickly rallied.  It has consolidated since then, which is why a daily close above 1088.3/GCG is still needed to confirm a bottom…

All of this is transpiring as the weekly 21 MACs are flattening and opening up a brief window of opportunity when their negative influence will wane.  If Gold can rally above 1099.3/GCG in the coming week, it would turn that channel higher. 

3–6 month & 6–12 month traders & investors could have been averaging into long positions in Gold & Silver since late-Nov. and should hold these until a weekly close below the current lows.”  TRADING INVOLVES SUBSTANTIAL RISK.  

1–4 week, 3–6 month & 6–12 month buy signals – in Gold & Silver – are increasing potential for 1Q 2016 surge… validating expectations for 2016 to be The Golden Year.   ~4-month cycle honing outlook for 2016, with intermediate (secondary/higher) lows expected in late-March ’16 & late-July ‘16, with multiple 2–3 month surges surrounding them.