Volatility and Trend Keep Pressure on Gold
Everyday has become a mirror image of the day before for Gold, Silver and Platinum. They try to rally and fail; this pattern has been happening for a couple of weeks. Tuesday morning, big rally […]
If Gold is a Hedge, Why is it Under Pressure?
First, lets be clear about one thing. I’m a big fan of owning physical metals which I will never sell. Second, I will trade the paper gold long or short depending on the trend. However, […]
Gold and Silver Running Higher
Yesterday we mentioned and explained buying the dip when markets are in uptrends and selling rallies when in a downtrend. The support level we were looking for was 1760 December Gold, the low was 1760.3. […]
Gold, Silver Continues to Struggle
Another day, another mixed day in the metals. Gold and Silver appear stuck in quick sand as buyers don’t have enough power to push them up and the bears don’t have enough to push them […]
New Day, Same Lousy Trade for Gold and Silver
Traders like to see action in markets knowing the more they move the bigger the opportunity. The trade in Gold and Silver has been dead with virtually nothing to do. This type of action haunts […]
Gold Headed to Flash Crash Lows
Gold continues to struggle at these levels; the downtrend remains in place. With Platinum and Silver already taking out the flash crash lows of August 8th-9th, Gold is a favorite to follow suit. Our downside […]
Gold and Silver Create a Challenge
As summer ends the challenge of trading markets has been as tough as it gets. Volume and market action have been nonexistent. From equities to bonds, crude to soft commodities there is little action. Gold, […]