GOLD – the long downmove has met the 1316 target.  the next target down is 1243.
But the trade presssures indicate over sold and the time pressures are up.

the next move is likely up.

The daily long entry has been signaled at 1335 to 1376.
a move down thru the 1308 low will put 1304 and 1274 back into the projections.

COPPER – Looks very much like the S&P 500.
long term, the interim resistance at 4.44 is being tested for these last 4 weeks.
nearing the end of the downward time pressures. trade pressures are down.

the daily downside target of 4.20 has been met. the next downside target is 4.02.
But the trade pressures are up and the time pressures are turning up now.
a trade thru 4.42 signals a new long entry to 4.64. the recent high of 4.498 will act as resistance.

SLW –  the final downside 28.38 target was almost met.  trade and time pressures are turning up this week.
the daily long entry 31.81 is met today with a first target to 36.15, then to 40.67.

Gold – in a retracement of the long term uptrend. The downside target is 1241.25 with support at 1314.
But the trade pressures are extended down suggesting a move up off the support level.

Next target down on the daily is 1310.  1364 would start a move up.
time pressures are up. trade pressures are fully over sold.

Copper -weekly is consolidating rather than making a retracement move down from its 4.43 target.
the daily cycle is down thru the end of January and trade pressures are oversold.  the 4.21 short cycle downside target was almost met.

a move above 4.44 should start a move up.

SLW  [the silver proxy] – still in the same longer term move up from 25.55. with a sharp daily cycle correction down to the Nov low of 30.52.
failure to hold takes SLW to 28.38.
need a trade thru 33.38 to restart the daily move up.
trade pressures are up and time pressures turn up the 27th of Jan.

The dollar DX is flirting with the year 2010 support levels and the metals are rallying.

Gold – long term cycles are in the down move to 1241, with support at 1314.
the daily has met its 1354 target and is oversold and ready for consolidation.
a move thru 1383 is required to restart the move up.
time pressures are at then end of the down cycle and the trade pressures are fully over sold.

Copper – long term still in the move up. at a 4.4398 target, with downward time pressures and overbot trade pressures.
the daily cycle is ending at the end of the month and the trade pressures have turned up. a move thru 4/46 should start a new move up.

SLW the silver proxy. up 1.23 today as it approaches the new long entry price of 33.87.
the time pressures turn up on the 27th of Jan and trade pressures are showing positive divergence now.