Bill Downey has an analytical background in manufacturing and production control in the disk drive industry. He became interested in the historical significance of Gold and Silver as monetary instruments during the 1980’s. His research led him to incorporate technical price analysis of the gold and silver markets to provide timing and price confirmation required for anticipated long term fundamental market trends.
In 2010 he launched the website www.GoldTrends.Net which tracks the turning points for gold and silver based on cyclical and historical price patterns using price channel resistance lines, cycles, trends, and seasonal tendencies.
The basis of his analysis has led him to conclude that while forecasts provide price objectives, following price is much more powerful than predicting it. He has published articles that appear on gold and silver internet web sites as well as guest articles for Futures Magazine.