Although Gold and Silver closed higher on Thursday, their overall action was bearish which is consistent with the current trend. The fact that they both failed at key resistance levels suggests lower prices are ahead. […]
Gold, Silver and Platinum had nice rallies on Tuesday which was expected. We wrote about our expectations and we would be sellers. We added to our shorts in Gold and Silver, selling at resistance in […]
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.
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 […]