It’s amazing how similar or correlated products can really trade in opposite directions. Gold and silver are doing just that. Although, they look similar in the charts, silver is in an uptrend as gold remains […]
The weakness in gold, silver, and platinum has continued. Every rally attempt has been met by sellers. Monday precious metals tried to rally showing nice gains early, only to fail miserably. There is more room […]
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 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 […]
Monday was an ugly day for gold and silver. Both were sold relentlessly taking gold down 50.00 to the 1850 area and silver was worse down to 22.13. This was not unexpected and there is […]
Monday saw a hard sell in gold, silver and platinum which was expected. The extent of the sell off was big enough to produce a rally in the next day or two but the sellers […]
As we remain short Gold and Silver it appears the miners may be sending a message that there is strength in these precious metals. For weeks, gold and silver have been in a downtrend, trading […]
Thursday’s rally in Gold and Silver is being met with sellers this morning. The precious metals should come under pressure with a strong downtrend. As markets churn waiting for the next big move there are […]
The Gold Bugs want to know if the bottoms are in; of course they never think the yellow metal goes down. The answer is not an easy one, based on the chart and price action […]
For weeks, Gold and Silver have been under pressure. Even when it looks like they are going to turn around the sellers show up. Wednesday Gold and Silver were higher early only to fail again. […]
