Metals Update 1/3/16

While there is a lot of geometric, Ewave and other technical analysis pointing to a potential intermediate low in the making for metals and miners, there is no certitude with anything in the markets. If the patterns and projects begin breaking down and failing, I will be running for cover. As noted several times, there are still nearby but lower projections that have not been hit. Posted below are a few charts annotated with analysis that shows where support may come in if the recent lows get taken out. Specifically, there is a pretty significant confluence for silver in the 13.10 to 13.40 area and for gold in the 1010 to 1018 area.

Also shown on one of the charts is some timing analysis with projections for possible lows around 1/5/16 +/- 2 trading days, assuming cycles are working in the markets. Hopefully the federal reserve and central bank game of whack a mole with gold and silver is coming to an end soon. Price is holding up inside the patterns and long-term trendline in silver, so far, and cycles should bottom and turn up in the next few trading days. If not heading north by mid Jan, I would assume cycles aren't engaged.

The long-term trendlines are still holding on some of the miners mentioned several weeks back. When I get some time I'll post some charts with that analysis.

Kim Rice 1/3/16

More on Precious Metals Potential Setup

"IF" my analysis is correct that silver and gold are completing ending diagonal patterns into key price support, then the metals should have the biggest rally since the 2011 top. My stop on the entire position in miners, gold and silver remains at a weekly close under 13 on silver.

If these are EDs, when the metals reverse to the upside the rally should be a rocket ride to the minimum projection areas of 21-22 on silver and 1340ish on gold. I think targets at 26 and 1400 or higher will probably play out eventually, but I'm already getting ahead of myself until there is a definitive breakout to the upside.

One of the problems with EDs is they can take their time with the actual launch. Sometimes they reverse immediately after the 5th wave is done and sometimes they have a few false starts and retest a time or two before the real move starts. So, the metals could lift off at any time or they could chop around for several months first. We will find out in the fullness of time.

Posted below are a few more charts with additional analysis suggesting an intermediate low may be in the making. This is all just theoretical based on empirical evidence, though I think this setup is a pretty high-probability one given the massive confluence lining up in price projections and trend line support. As noted several several times now, a weekly close under 13 in silver would likely invalidate the analysis.

Kim Rice 12/20/15

Precious Metals Update (Silver Analysis)

Silver has dipped down to my long-held forecast range of 13.25 to 13.75. The rising trendline from the 2003 and 2008 lows is currently at 13.68 as can be seen on the first two charts below. The low on 12/11/15 was 13.75, so we are essentially there.

Silver's 50% retracement in log scale, as seen on the third chart, comes in at 13.35 area and is still a very viable target that may get hit. This would require a bit of a break of the long-term trendline, but only by about 40 cents or so. Note that the .236 and .382 retracement levels pretty much nailed previous intermediate lows, which adds the potential of the .5 level getting hit.

On the forth chart the 100% expansion of the first wave down in 2011 projects to 13.70 area, so it lines up as a confluence in price with the trendline support at 13.68. So we have two potentially important targets, one of which has come within 5 to 7 cents of getting hit and the other is only 35 cents below that.

The miners and gold are diverging with silver and not making new lows on this latest dip in silver (at least not yet). I view this as a positive development which may support the concept of an intermediate low forming in the precious metals complex. I think a weekly close under 13 in silver would call this all into question and will be my stop on the position I have been accumulating in mining shares, gold and silver. There is also some major cycle timing due around Feb 2017, so there may be retest of lows or deep retracement into that time-frame, assuming we do get a rally in metals here. Pattern-wise it looks like silver and gold are finishing up 5th wave falling wedges. If so, the minimum target for a rally should be back to where the wedges started: 21 to 22 area for silver and 1340 for gold.

Regarding the stock market, I'm still waiting for SPX projections just above 2200 to get hit before looking for high confidence shorting opportunity. I remain flat.

Kim Rice
12/13/15

SPX: Cluster of 5 Projections 2214 to 2220

Price:
There are five major geometric projections clustered from 2214 to 2220 area. I think there is a fairly high probability that this price cluster will be hit before an intermediate or larger correction occurs. So I am changing my highest probability target to this cluster area, with 2157 now being the minimum target.

Time:
Ideal timing for a possible top remains around 8/28/15, but it could be as early as 8/19 and as late as 9/10/15. I think in this case, price will be more important than time. If 2214 to 2220 gets hit, I would think time has probably run out and would be on maximum alert for reversal signals.

Kim Rice 8/10/15

Stock Indicies and Metals Timing Update

Metals:
I closed out long positions in metals today. They haven't managed to get off the ground since the 6/23/15 projected CIT date, and the very weak close today in gold mining shares probably portends additional weakness in gold and silver. The next significant CIT projection I have for metals is around 8/28/15, so I'll most likely wait for that to see if a tradable setup appears.

Stocks:
Still waiting for major price projections to get hit (2157 to 2210 area basis SPX) before considering heavy short positions. Important timing appears to be shaping up for a potential turn/(top?) on or near the same CIT timing for the metals - 8/28/15. In the interim, possible short-term swing reversal dates are on or near 7/17/15(top?) and 7/29/15(low?). If something close to those swing points occur, I would look for a final rally from the end of July into the end of August, ideally into the price projection window stated above.

Of course, all of the above is highly speculative and may be nowhere near what actually transpires in the fullness of time.

Kim Rice 7/1/15

Precious Metals Swing Low Due 6/23/15

I don't think it's THE low but a swing low is due today. I still expect at least 13.25 in silver at some point before a major rally gets under way, but I'm accumulating on this morning's sell-off for a several week trade.

Kim Rice 6/23/15

Next Major Timing Confluence for a Possible Top in Stocks

So far, my previously-posted price projections have not been hit. I am still waiting on the sidelines for these price targets to be achieved with a rally into one of my timing targets.

My very long-term timing analysis shows a high probability of an important reversal the week of 6/12/15 (+/- a few trading days). This includes a 1713 week cycle and a 2113 week cycle that both converge the second week of June. At this point I'm assuming we will trend up into this timing (zigs and zags notwithstanding), which would be a requirement to mark a top.

Price-wise I have two major targets basis SPX: 2157 and 2200-2210 area. Hitting the 2150 to 2210 area in the above mentioned time window would constitute a mega price and time square in my work.

If this potential setup occurs, I think there is a reasonable chance it could lead to the evasive, long-preempted 20 percentish (or larger) correction in stocks in the second half of 2015. One must keep in mind this would be a bet against sociopaths at central banks who seem hell-bent on keeping this Ponzi Scheme going with liquidity created out of the ether.

Kim Rice 5/14/15