SILVER turns up

Apart from the KEY REVERSAL bar (RIGHT), we have historical momentum lows both on daily and weekly time frame and conventional multi year supports on SILVER. Last week we mentioned the GOLD-SILVER ratio, which also suggests outperformance on SILVER. The ratio continues to suggest the turn up for SILVER.
This week we look at GOLD a bit closely. The move down seems incomplete. And now that prices have retested and breached the psychological 700, a further move down can not be ruled out. Sub 780, GOLD could be in for sub 600 levels. This might look strange, but this is what we see now. Above 780 we review. We have carried many other anticipated and happened cases on the rest of the metals complex. There is a special intermarket case on PLATINUM, which has historically outperformed both GOLD and SILVER. According to intermarket cycles, Platinum should lead Silver. The overall view on the broad metals complex continues to suggest that METALS are indeed completing the CYCLE II wave down. This is one CYCLE II low metal bulls may not like to miss.
Enjoy the latest WAVES.GOLD.311008
WAVES.GOLD is a perspective product published on Monday and Wednesday. The report highlights GOLD and other precious and base metals. The product highlights Primary (Multi Month) and Intermediate (Multi Week) price trends. The report illustrates key price levels, price targets, price projections and time turn windows. The product uses Elliott waves, traditional technical analysis tools, sentiment indicators and other alternative research tools like INTERMARKET to spot outperformers.
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