Gold and Silver Churn Around the Mean
From the children’s book, gold and silver have become the bus where the wheels go round and round. The continued churn around the mean has been brutal along with light volume and little price action. […]
Gold and Silver Weak but Show Promise
Once again Monday gold show many weaknesses while silver had some strength. Platinum is finally showing some life and could lead the metals out of the doldrums. For now, we will remain short gold and […]
Gold and Silver Lousy Price Action
If you understand trading versus investing, then you should understand price action. Unfortunately, too many put their opinions above the facts. Fact, in the short run markets go up and down, sometimes trending for extended […]
Gold and Silver Getting Ready to Test Lows
For the past few months all markets have been trading on light volume churning around the mean. This is an indication of a much bigger move is on the horizon. Like the consolidation phase of […]
Gold and Silver: From Breaking Out to Ugly
Late last week gold and silver looked like they could breakout to the upside, they failed. Looking at the price action over the weekend the precious metals could be breaking down again, headed towards the […]
Gold and Silver Could be Breaking Out
As we often witness, gold and silver could be reversing trend. This morning they are both trying to break to the upside as they hover just above resistance. The keys to watch for today: Does […]
Gold and Silver Struggle to Reverse Trend
Gold and silver failed to breakout to new levels keeping both in a downtrend. The footprints that are left by price action are clear: gold and silver have a higher probability of going lower. There […]
Gold and Silver Should Fail from Here
Gold and silver tried to take off Monday before failing about 1860 gold, 22 silver. We expect this pattern to continue based on the price action. There is nothing to get too excited about although […]
Gold and Silver Reach Resistance
Gold and silver had a nice bounce from support on Wednesday and now are pushing resistance. What will happen from here? The highest probability is that resistance holds and Gold will be headed back to […]
Gold and Silver Fail Once Again
Like reading a textbook the recent action in gold and silver has been according to script. The technical trade has been almost perfect. While those who cry manipulation or some other nonsense, gold reached support […]