The entire precious metals complex all made nice gains on day 1 of the new daily cycle. So let’s take a closer look.
Beginning with the Miners
The Miners lead the charge today printing a massive 8.88% gain for day one. A trend line break is still required to confirm a new daily cycle. Keep in mind that we could see the Miners back test the low. But with a right translated daily cycle left behind, the trend has changed and we can expect a higher daily cycle.
Gold formed a swing low today off the day 27 low. Gold had an impressive 2.06% gain today. A break of the declining trend line confirms a new daily cycle. Again we see a higher low printed meaning a trend change is at hand for gold as well.
Palladium rallied for 2.07% today. As we have noted before how Palladium has been leading gold. Well Palladium not only formed a swing low, but also broke above the declining trend line confirming a new daily cycle.
Silver also had a big day going for 3.69% Silver also formed a swing low and had a declining trend line break confirming a new daily cycle.
Copper actually printed its daily cycle low last Tuesday. Copper also enjoyed a big day gaining 2.45% today while breaking out to new highs.
Platinum crushed it today. A 3.68% gain today not only formed a swing low but also delivered a clear and convincing trend line break declaring a new daily cycle. Not only that, but platinum also broke out to a new high as well.
While the precious metals complex were in their timing band for a daily cycle low, they were all waiting on a catalyst. Enter the dollar.
The dollar broke below it previous daily cycle low on Wednesday causing the precious metal complex to all form daily cycle lows. The downside follow through helped to provide the catalyst for today’s gains. By forming a failed daily cycle so early in the yearly cycle signals big trouble for the buck.
And as more and more start fleeing the dollar, the will turn to something that has stood up to the test of time …
Cycle Trading 
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