Back in May 2012 I posted this Chart for my readers at Kitco:
PoG did bounce from it's mid-may lows as anticipated, from a combination of New moon and Fibo Turn date.
Another series of fibo turn dates are pointing toward the middle of this month and a new moon on the 13th. You'll notice that many lows have been supported by a New Moon and tops have found resistance near a Full Moon.
If a bearish trend develops over the next couple weeks, a whole series of important supports could be tested from roughly 1640 to 1680.
The 3/10/20 ribbon has turned neutral for gold and is threatening a bearish cross-over if daily closes remain below the 20DMA.
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Silver - Still maintains a Bullish alignment with it's 3/10/20 ribbon:
With GSR (Gold Silver Ratio) falling while silver rises and Gold moves sideways/down. I wonder if some Gold is being sold and being converted to silver purchases.
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Eur/USD - A possible completion of a 5 wave series could be seen soon. This would likely lead to a 3 wave pull-back.
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Natgas - Has likely topped out after challenging my MT target of $4. It's possible to see a pull back to $3.00 to fill a gap left open. Key MT support is at $2.75ish.
The debt ceiling is more than likely to be lifted again before the end of the month, possibly another 20-25%. This will give the FED more room to print more fiat, the impetus for further PM ascendency.
