Gold and Silver Fight to Hold Support
The recent action in Gold and Silver has been the fight for support trying to reverse trend. However, to this point every attempt has failed. While we remain short Gold and Silver, we do recognize […]
Gold Fails to Take Out Resistance
What a fine mess we have now in Gold, the failure to take out resistance on Thursday indicates the selling should resume. Obviously, there are no guarantees that Gold won’t rally today however based on […]
Gold at Key Resistance
As we sit with our short positions in Gold and Silver both have now reached a key resistance level. On Wednesday, Gold reached major resistance, failed, and then came all the way back to make […]
Gold Hits Resistance and Falls Hard
This morning at around 4:00 Gold hit the top end of the range near 1560 April futures and quickly reversed dropping almost 30.00 in 30 minutes. This action was classic for a market that is […]
Gold and Silver Offer Another Selling Opportunity
The metals are seeing some volatility the last few days much like the rest of the markets. Over the past few days, the trading ranges have widened which just opens the door for a bigger […]
Gold Touches 1800 Overnight
On Friday we wrote that Gold was in danger of breaking down. We saw a heavy sell off on Friday and overnight into this holiday trade Gold traded 1800. We expect the selling to accelerate […]
Gold Looks Like It May Break Today
With the metals in consolidation all week with clearly defined trends Gold and Silver lower and Platinum higher. Gold and silver are testing a key support level which could lead to another black Friday.
With Gold […]
Gold, Silver and Platinum, Trade or Invest?
Markets have a funny way of teaching the toughest lessons to its participants. Whether you are trading or investing you are your own worst enemy. Traders and investors have the same flaws, they allow the […]
Your Congress at Work
The United States Congress continues to work hard, trying to get President Trump out of office. On Wednesday, President Trump was impeached by the house for a record 2nd time. What a great congress we […]
Gold, Silver and Platinum Consolidating
The metals are in a consolidation pattern which is known as the greatest time of uncertainty. Consolidation is one of the phases that markets trade and always precedes the next big move. In Gold and […]