Gold & Silver Fulfilling Upside Objectives!
May 2--6th Reversal Lower Expected;
1573.1--1574.2/GCM = Extreme Resistance for Peak

04/29/11 INSIIDE Track:
   "Long-term uptrends in Gold & Silver remain intact and are still supporting prices.  A major top is expected in 2011 (most likely in May) and could trigger a 6-12 month or even 1-2 year correction.

   Gold & Silver continue to advance since setting intermediate lows on January 28th and fulfilling several key cycles and indicators... Gold & Silver are showing signs of a blow-off advance (that could still extend further), reinforcing the potential for a surge into - and a multi-month top during - the week of May 2--6, 2011.

   Gold has extreme resistance - its monthly LHR and its weekly LHR - at 1573.1--1574.2/GCM - a target range/resistance range that will carry over into May 2--6th.  Silver has its monthly LHR at 48.34/SIN - overlapping key wave objectives at 48.03--48.18/SI and just below its all-time high of 50.00/oz.

   The Continuous CRB Index did retest its highs and remains on track for another peak in May 2011 - 180 degrees from the Nov. 2010 high (and low) & 360 degrees from the May 2010 low.  The interesting thing about this Index is that the Energy markets are keeping it near its highs while most commodities (except Gold, Silver & Coffee) have already signaled peaks and reversed lower.  Some are already in bear markets.  An expected, impending bottom in the Dollar could be the last straw for this phase of inflation."

Gold & Silver Fulfilling 2-3 Month Projections;
Surge into May 2--6th - and Up to 1530/GC - Expected!

04/16/11 Weekly Re-Lay:
       "Gold & Silver remain bullish and on track for a 7-week cycle rally from the March 15th low - a low that created a 7-week low-high-low-low Cycle Sequence and projected a subsequent 7-week advance - into May 2--6, 2011.  After closing above its 3-6 month high - on a weekly basis - and confirming a breakout to the upside, Gold was expected to give a quick pullback to its recent highs, before surging higher.

   These points - theMarch 7th high of 1447.2/GCM and subsequent March 24th peak of 1450.0/GCM - created a classic example of 'resistance turned into support' that needed to be validated before the new uptrend moved ahead.  In addition, Gold’s short-term trend would remain bullish until/unless it gave a daily close below 1445.0/GCM.  Weekly support - at 1446.7--1450.5/GCM - corroborated this.
Sure enough, Gold dropped to 1445.0/GCM - retracing 50% of its previous 2-week rally in the process - and immediately turned back up.  This was a powerful confirmation signal and set the stage for the latest rally to begin to accelerate higher in what could be its final weeks.  This action also confirms the development of a '5th' wave rally (5 waves since the Feb '10 low) that is likely to be of similar magnitude to the '1st' wave rally of Feb. 2010--June 2010 (a rally of 220.0/GC points on a continuous contract basis).

   A similar rally from the '4th' wave low of 1307.7/GC (Jan. 28, 2011) projects a '5th' wave top around 1527.3/GC.  This is interesting since wave equality between the Jan. 28th--March 7th advance & the current, March 15th--(May 2--6th??) advance projects a peak around 1518.7/GCM.

   And, if the latest rally - which began this past week and represents the '5th' wave advance from the March 15th low - exceeds the magnitude of the two previous rallies (which were almost identical magnitude, indicating that the 5th wave should be the extended wave in the overall sequence), Gold needs to exceed 1512.0/GCM.

   Ideally, it will test 1529.6--1531.0/GCM - where the 5th wave would equal 1.272 the magnitude of the 1st and/or 3rd waves... but anywhere in this range would fulfill most wave objectives.  This includes three different degrees of waves, all of which are showing signs of culmination (although a final, blow-off rally is likely in between now and May 2--6th)."

Gold & Silver Increasing Potential for Surge into early-May 2011;
Silver Cycles Corroborate Gold Cycle & Wave Objectives!

03/23/11 Weekly Re-Lay Alert:
   "Gold & Silver remain bullish on a 1-3 month basis and have also turned their 2-4 week trends back up.  This initially validates the potential for a 7-week cycle rally from the March 15th low - a low that created a 7-week low-high-low-low Cycle Sequence and projected a subsequent 7-week advance (into May 2--6, 2011).

   If this is to remain a viable scenario, Gold must give a weekly close above its previous peak of 1434.1/ GCJ and should not give even a daily close below 1380.7/GCJ.  Gold is now making its third test of important highs, a fact that favors a breakout in the foreseeable future (since triple tops hold less frequently than double tops).  If Gold rallies into May, it would reach the second best time for a peak in 2011... based on monthly and inter-year cycles (anniversaries)...

   ...In addition, Silver has been triggering intermediate turning points on a 90-degree basis - the next which comes into play in late-April/early-May 2011.  A peak at that time would come 450 degrees from the early-February 2010 low, 360 degrees from the early-May 2010 peak, 270 degrees from the late-July 2010 low, 180 degrees from the early-November 2010 peak and 90 degrees from the late-January 2011 low (which took hold exactly 180 degrees from the July 2010 bottom)"

Gold & Silver Validating mid-March Cycle Low;
Surge into May 2--6, 2011 Becoming Likely!

03/19/11 Weekly Re-Lay:
   "Gold & Silver remain bullish on a 1-3 month basis but turned their 2-4 week trends neutral.  Gold has still not been able to give a weekly close above its previous peak of 1434.1/GCJ.  As a result, Gold remains in a wide and volatile trading range, originally defined by its late-October--early-November rally (meaning that its 3-6 month trend is neutral).

   ...With Gold spiking to a new 3+-week low - and not turning its daily trend or daily 21 MAC down (and not spiking to a new high first) - it ushered in the possibility for a 7-week cycle low, which would create a 7-week low-high-low-(low) Cycle Sequence and project a subsequent 7-week advance (into May 2--6, 2011).  If this is to remain a viable possibility, Gold should not close below 1380.7/GCJ.  Looking at this from a broader perspective...

   Leading into 2011, a major top was expected at some point in the year.  This is based on cycles that were discussed in the context of very bullish outlooks in 1999, 2001, 2003--2005, 2007 and again in early-2009.  Gold & Silver have initially fulfilled this but have not (yet) signaled a 1-3 month - or greater - reversal lower.

   The first possibility for a major peak was in early-January 2011, when multiple weekly & daily cycles converged.  The second possibility comes into play in May 2011 and could be corroborated if Gold set a low this past week.

   May 2011 arrives exactly 5 years (60 months) from the May 2006 peak.  May 2--6th is also the next phase of the 8-9 week high-high-high-(high) Cycle Progression that helped pinpoint the early-January AND the recent, early-March peaks.  (With this in mind, an intermediate high is likely at that time - regardless of whether it is a new high or a lower high.)

   A peak in May 2011 would also be the next phase in a 5-month low-low-low-low-high-(high) Cycle Progression that has impacted Gold since April 2009.  So, from a cyclic perspective, this possibility cannot be ignored... From a price perspective, Gold & Silver still have LLH objectives - at 1455.0/GCJ and 3795.0/ SIK - that could be tested in the coming weeks."

Gold Confirms Intermediate Bottom (Jan. 28th);
New High Likely in early-March

02/28/11 INSIIDE Track:
       "Gold & Silver have rallied since setting intermediate lows on January 28th and fulfilling several key cycles and indicators.  There are a few important aspects - identified in the January 22nd & 26th Weekly Re-Lay publications - that turn focus on the current week... The most important aspect of this analysis was/is price... and the price of 1319.3/GCJ, in particular.  Gold was expected to bottom by January 28th and hold this support.  Its lowest close came on January 27th - at 1319.8/GCJ.

   There are multiple reasons why this support is important.  One of them involves the fact that Gold set its current trading range almost 4 months ago and has not closed outside that range.  During a 12-trading-day period - in late-October through early-November - Gold rallied from 1319.3 to 1428.0GCJ.

   The upper extreme of that range has been tested twice and could be tested again in the opening days of March.  The lower end was tested and held in late-January.   Gold remains in a 3-6 month uptrend until it gives a weekly close below 1319.3/GCJ.  This leads into the second key aspect of the late-January analysis... Gold has been adhering to a 4-week and a corresponding 8-week cycle between many of its intermediate peaks.  It could see another peak on February 28--March 4th, which would create an 8-week high-high-high Cycle Progression AND a 15-16 week low-high-high Cycle Progression.

   This is corroborated by the third key aspect of the late-January analysis... Gold has twice neutralized its weekly downtrend, as of February 25th.  This identifies February 28--March 4th as the most likely time for an intermediate peak, based on the normal weekly trend pattern.

   If Gold is to remain in a wide range of consolidation, it should not give a weekly close above 1426.3/GCJ.  If it does give a weekly close above this level, it would show that a final peak is not yet intact... which is a good segue into stepping back and reiterating the bigger-picture viewpoint:

   Gold has remained in a major bull market since 1999, a bottom that was in perfect synch with 7, 12 & 19-year cycles that were described at that time (Cycle of Time)... as well as many corresponding monthly & weekly cycles.  Gold was projected to see a surge into 2006 (a 7-year advance) and ultimately into 2011 (a 12-year advance) as part of an unprecedented bull market.  Ultimately, it should continue higher into 2018, but that is a separate discussion.

   Gold has initially fulfilled this analysis and is expected to set a 6-12 month (potentially larger) peak in 2011 and experience its sharpest pullback of the past 2+ years.  In January, Gold signaled a 1-3 month peak - that has held for almost 2 months - but would not signal a larger-degree top until a weekly close below 1319.3/GCJ.  Until that occurs (and/or if the weekly trend turns back up), Gold could see a quick surge to 1455.0/GCJ, its 6-12 month LLH projection."

Gold & Silver Fulfill Downside Objectives;
Intermediate Low Likely by January 28th!

01/22/11 Weekly Re-Lay:
   "Gold & Silver reversed their weekly trends to down, giving the next level of confirmation to projections for a multi-month peak on January 3--7th... This trend reversal - combined with Gold & Silver entering the third week since generating outside-week/2 Close Reversal sell signals on January 7th - setsthe stage for an initial low in the coming week.  As discussed last week, three factors argue for an intermediate (2-4 week) low by January 28th... "

01/26/11 Weekly Re-Lay Alert:
  "Gold & Silver dropped to weekly support levels with Gold testing the most important support of the past 3+ months (1319.3/GCJ).  This comes in the week after they reversed their weekly trends to down, giving the next level of confirmation to projections for a multi-month peak on January 3--7th.

Gold & Silver Validate Oct. 18--22nd Cycle Low;
Surge into January 2011 Still Expected!

10/29/10 INSIIDE Track:
   "Long-term uptrends in Gold & Silver remain intact and could drive prices higher into January 2011.  Gold & Silver should then move progressively higher into 2013...

   Gold & Silver maintain the potential for important highs in January 2011 - the culmination of a web of related cycles.  This includes a 58-week low-high-(high) Cycle Progression that culminates on January 10--14, 2011 and a related 29-week high-high-(high) Cycle Progression that also culminates on January 10--14, 2011.

   Gold & Silver set an initial peak on October 14th, 90 days/degrees before the January 10--14, 2011 cycle.

   In addition, they pulled back and set an initial low on October 18--22, 2010.  As explained before, if this low holds it would create a corresponding 12-week low-low-(high) Cycle Progression targeted for January 10--14, 2011.

   So, Gold & Silver appear to be heading for a 'date with destiny' in mid-January 2011"

Gold & Silver Should Surge into January 2011;
Critical Time Expected in Mid-January 2011!

09/30/10 INSIIDE Track:
   "Long-term uptrends in Gold & Silver remain intact and could drive prices higher into January 2011.  Intervening/overlapping lows are possible in October 2010 & February 2011... Both metals remain in intra-year uptrends and both are expected to continue these rallies into January 2011 (with an intervening low in October 2010).

   January 2011 is an important time frame that represents the culmination of a web of related cycles.  This includes a 58-week low-high-(high) Cycle Progression that culminates on January 10--14, 2011 and a related 29-week high-high-(high) Cycle Progression that also culminates on January 10--14, 2011.

   ...An overlapping, 25-week low-low-(high) Cycle Progression comes into play during the following week of January 18--21, 2011.  And, if an intervening low is seen on October 18--22, 2010, it would create a corresponding 12-week low-low-(high) Cycle Progression targeted for January 10--14, 2011.

   So, Gold & Silver appear to be heading for a 'date with destiny' in mid-January 2011.  In between now and then - particularly in between late-October and mid-January 2011 - Gold & Silver should see more upside"

Gold & Silver Remain Bullish;
Overall Advance into January 2011 Expected!

08/31/10 INSIIDE Track:
   "Gold & Silver are beginning to clarify what to expect during the next phase their 6.5 week and 11--13 week Cycle Sequences - both of which align on Sept. 13--24th.   Both metals have held intermediate support and both are in intra-year uptrends.  So, the benefit of the doubt needs to be given to the upside.  If this is accurate, the expected October 2010 cycle low should only be an intervening low between highs in September 2010 and in January 2011.

    January 2011 is an important time frame that represents the culmination of a web of related cycles.  This includes a 58-week low-high-(high) Cycle Progression that culminates on January 10--14, 2011 and a related 29-week high-high-(high) Cycle Progression that also culminates on January 10--14, 2011.

   An overlapping, 25-week low-low-(high)  Cycle Progression comes into play during the following week of January 18--21, 2011.  And, if an intervening low is seen on October 18--22, 2010, it would create a corresponding 12-week low-low-(high) Cycle Progression targeted for January 10--14, 2011."

Gold & Silver Poised to Exit Consolidation;
New Bull Market Becoming More Likely!

03/31/10 INSIIDE Track:
   "Gold & Silver remain below their 3-6 month  upside objectives - tested in early-December 2009 - at 1200.0/GC & 1900.0/SI.  They have remained below these levels for almost 4 months, fulfilling the minimum criterion (for a 3-6 month peak).  The December 2009 peak was the latest phase of a 21-month low-high-high Cycle Progression that projects future highs in Sept. 2011 & possibly June 2013.

   In between now and then, there is an important bottom expected in July 2010...On an intermediate basis, Gold & Silver spiked lower in March 22 - 26th, fulfilling an 11--13 week low-high-low-low-low-low-low-low-low-low-low Cycle Sequence while holding at or above intermediate support and monthly support levels.   Simultaneously, Gold created a 6.5 week low-low-low Cycle Progression - that also acts as an inverted head-and-shoulders pattern - and should spur a 6.5 week rally into early-May... and potentially a retest or spike above the early-December high.

   If the low of March 24th holds, a 47-day low-low-high Cycle Progression would project a peak for May 10th.  Similarly, a 60-degree cycle connects the January 11th & March 10th peaks and projects an ensuing peak for May 10/11th.  An intervening peak - on April 9/12th - would reinforce this.  On March 26th, Gold & Silver triggered a 1-4 week buy signal (see Weekly Re-Lay) that acted as the first domino to fall.  If this buy signal is confirmed - particularly on the April 2nd close - it would increase the potential for a surge into early-May.

   The weekly trends could soon corroborate this if they can give weekly closes above 1127.3/GCM & 1729.5/SIK in the coming weeks.  If this occurs, it would likely trigger acceleration higher - confirming the onset of a dynamic, '3' wave rally.

   The real deciding factor, however, is the monthly trend pattern.  Gold pulled back to the monthly trend neutral point - and held it - while Silver gave two neutral signals against its monthly trend.  It is poised to re-enter the monthly uptrend (with a March 31st close above 1633.5/SIK), which would project a surge back to this highs in the coming months."

March 22-26th Buy Signal Could Trigger Domino-Effect to Upside...
July 2010 = Next Cycle Low - in Series of Ascending Bottoms!

Gold & Silver Reach 6-12 Month Upside Targets;
Correction into January 2010 Likely!

12/04/09 INSIIDE Track:
   "Long-term uptrends in Gold & Silver remain intact but 6-12 month upside targets (1200.0/GC & 1900.0/SI) have just been met... Gold & Silver are at a decisive juncture.  They have fulfilled their 6-12 month upside price objectives by surging to 1200.0/GC & 1900.0/SI.  This is the most likely price level at which an intermediate top could take hold (the mid-July '08 peak in Silver - at 1937.5/SI - is a critical resistance level).  These targets were first described in the following July 18, 2009 Weekly Re-Lay:

   "...From a price and wave perspective, Gold & Silver have some pretty bullish potential if the recent lows are confirmed.  Gold could easily reach 1050--1070 and has a decent chance of accelerating above 1200.0/GC while Silver could see a surge back to 1900.0/SI."

   These price targets were just tested at the same time that intermediate cycles in multiple markets - including the CRB Index - converged, on December 2/3rd.  In the case of Silver, this completed an advance that lasted 1.618 as long as the preceding decline... but did not reach the preceding peak (of March 2008).  It also completed a 31-32 week rally, the most common cycle in Silver (reiterated earlier this year) and 6 months/180 degrees from the June 2, 2009 peak.

   As a result, Gold & Silver could see a correction into January, when multiple cycles converge and portend an intervening bottom (see February & March 2009 INSIIDE Tracks for discussion on these cycles)."

Gold & Silver Corroborating Outlook for New Bull Market;
7 Year Cycle Portends Surge into 2013!

05/29/09 INSIIDE Track:
   "Gold & Silver turned back up without extending their declines into late-May or June.  One of the key factors influencing this was the weekly trend in Gold (which is up and generated two neutral signals without turning to down).  This does not eliminate the potential for an important low in January 2010 - the next phase of the 30 - 32 week cycle AND an overlapping 61 - 63 week low-low-low Cycle Progression.  In fact, it does not even eliminate the potential for a pullback low in June.  However, the structure of these lows could be a bit different than originally expected.

   The weekly trend pattern indicates that Gold should rally back to its February peak of 1008.9/GCQ before an intermediate top is intact.  Silver recently turned its weekly trend back to up, validating this pattern.  This could take place in June - if precious metals head straight higher...

   ...Regardless of how the coming months unfold, I expect Gold & Silver to move higher in 2010 - 2013... coinciding with what has been projected to be a terminal decline in the Dollar.  Because of its monetary value, I look at Gold (from an inverse perspective) to validate or hone my cycle outlook in the Dollar.  This is very true in the 7-Year Cycle that has impacted the relationship between Gold & the US Dollar for over 40 years.

   To review, 1964 was when the last Silver coins were minted in the U.S. (as normal currency).

   7 Years later, in 1971, the US abandoned the fixed exchange rate system (for foreign currencies) AND abandoned the convertability of the Dollar into Gold.  At that point, the Dollar entered a freefall while Gold surged for almost a decade.

   In 1978 - 7 Years later - the Dollar set a 14-Year low and began a 7-Year advance into 1985.  1978 was also when Gold & Silver entered a parabolic rally that lasted from 1978 into January 1980.

   7 Years later - in 1985 - the Plaza Accord was instituted among the industrial nations, creating an all-out devaluation of the US Dollar and a new rally in Gold.  The Dollar plummeted for the next 7 Years... while Gold began a 2-3 year surge that brought it to a secondary peak in Dec. 1987.  However, the 1985 low in Gold held for over 12 years.

   7 Years later - in 1992 - the Dollar bottomed after losing over 50% of its value.  At the same time, another momentous currency event took place.  The Maastricht Treaty laid the groundwork for the development of the Euro Currency Unit.

   Gold headed lower until 1999 (7 Years later & 14 Years from its 1985 bottom) when it set a MAJOR bottom and began what was projected to be a 7-10 year (or more) bull market.

   In 2006 - 7 Years later - Gold completed a correction and began - in October 2006 - the next phase of its new bull market.

   In 2013 - 7 Years later - Gold could accelerate into a major top, culminating a 14-Year low-low-low-high Cycle Progression and a 7-Year low-low-high Cycle Progression."

2010 is Decisive Year When Accelerated Advance is Likely

Gold & Silver Confirming October 2008 Low;
3--5 Year Bull Market Underway!

02/27/09 INSIIDE Track:
   "Gold & Silver surged into the mid-point (16 weeks) of Silver's 30-32 week cycle (see chart at right) but are still expected to extend this rally into the .618 (20 weeks) division of this cycle.  The week of March 16 - 20th is that 20th week.  This 30 - 32 week low-low-low-low-high-low Cycle Sequence is still expected to produce a low in June 2009, which is also the 3-year anniversary of the June 2006 bottom.  The February INSIIDE Track provides more details on this outlook for Gold & Silver.

   Looking out a little further, cycles portend another important low in January 2010.  This would be the next phase of the 30 - 32 week cycle AND an overlapping 61 - 63 week low-low-low Cycle Progression... that should prompt another low.  If I was to paint the ideal scenario, it would be that Gold sets ascending lows in June 2009 and January 2010... and then enters a more pronounced advance from that point forward.  This would dovetail with the outlook for the US Dollar...

   From a price perspective, Gold & Silver tested key 1-2 year support levels when Silver tested its major '4th wave of lesser degree' (the June 2006 low of 950.0/SI) and Gold tested a 70-week level of resistance turned into support (the May 2006 - Sept. 2007 resistance at 690 - 720/GC), in October.  Now that both metals have turned their intra-year trends up, the October lows are becoming a more important level of support that might not be tested again."

03/31/09 INSIIDE Track:
   "Cycles portend another important low in January 2010, the next phase of this 30 - 32 week cycle AND an overlapping 61 - 63 week low-low-low Cycle Progression... that should prompt another low.   The 'ideal scenario' is still that Gold sets ascending lows in June (or late-May) 2009 and January 2010... and then enters a more pronounced advance from that point forward.  This would dovetail with the outlook for the US Dollar, which is likely to see a terminal decline from 2010 - 2013.

   From a price perspective, Gold & Silver tested key 1-2 year support levels when Silver tested its major '4th wave of lesser degree' (the June 2006 low of 950.0/SI) and Gold tested a 70-week level of resistance turned into support (the May 2006 - Sept. 2007 resistance at 690 - 720/GC), in October 2008.  From a longer-term perspective, these lows are likely to hold and be the base from which a new 3-5 year bull market emerges..."