Metals Ready To Resume Decline

Posted: May 25th, 2011 under Commodities, Predictions.
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Silver SLV and gold GLD are both lining up for at least a short term high tomorrow May 26th, 2011.
The gold rally looks like a textbook zigzag correction of the decline since the high. The rally in silver looks less complete having not yet retraced as far as the previous fourth wave high near 38. The silver rally might only be wave A of the upward correction.

Silver – SLV

Spiral Calendar Clusters For Silver (SLV) As Of May 25th, 2011

Spiral Calendar Clusters For Silver (SLV) As Of May 25th, 2011 – click to enlarge

Gold – GLD

Spiral Calendar Clusters For Gold (GLD) As Of May 25th, 2011

Spiral Calendar Clusters For Gold (GLD) As Of May 25th, 2011 – click to enlarge

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3 Comments »

  1. How are these spiral date scores calculated? Is there a software package to use or is this manual?

    Comment by fred — May 26, 2011 @ 2:44 pm

  2. I use a spreadsheet full of hand picked highs and lows with manual tabulation to produce the monthly Spiraldates score charts.
    I have some programs I’ve developed that draw spirals backwards and forwards on a chart based on selected date(s) and also project spiral clusters on a chart using that security’s data (“auto-spirals”). I’m not releasing the programs at this time mainly due to them not being production quality and I would have to provide support etc.

    Dave

    Comment by Admin — May 26, 2011 @ 6:38 pm

  3. Thank you. I have also done this cycle kind of tool before. I found it easier to code in a trading software package to click on a high/low and generate lines with the interval specified. Stockscharts has such tools embedded on their platform, others you have to code manually.

    Cycles are only useful it seems when many, many cluster together, but that is what I’ve seen on your spiraldate scores. I am only trusting clusters of 4-5 or higher.

    Comment by cletus — May 27, 2011 @ 9:17 am

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