Equities have been under constant pressure and are in bear markets. Except for the usual short covering vicious rallies, the trend has been solidly defined. Equities should continue to fall and all rallies that reach […]
On Wednesday the FED in their own genius ways hiked rates .75 bps which triggered a relief rally in equities, commodities, and precious metals. Markets soared after the announcement but have fallen back this morning […]
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 […]
Wednesday’s FOMC meeting and announcement came as expected. Equities and metals soared higher taking both to key resistance levels. This morning both are selling off and dip buyers will be ready to charge in chasing […]
Tuesday the markets greeted the 40-year high CPI number with a big rally early followed by a hard sell off. Gold and silver charged higher closing above the key resistance in gold and slightly below […]
The past few days gold and silver have attempted to breakout to the upside but have failed. The next logical step is a return to support, 1900 gold and 25.5 silver. The pattern suggests a […]
Gold and Silver have reached the top of their ranges we have written about this week. The action we expect from these levels are a pullback to their respective support of 1900 and 24.5. The […]
Markets remain quiet and dull while the trading ranges tighten. The tighter the ranges become the bigger the next move will be. Along with Gold and Silver, equities narrow as well. The lack of volume […]
As expected, Gold, Silver and Platinum continue to churn around the mean. We remain short Gold and Silver which should pull back to at least the key pivots of 1900 Gold and 23.50 Silver. They […]
Gold, Silver and Platinum continue to run higher; Gold blew through 2000 and is 2020 as of 2:30 am EST. It was a surprise that Gold didn’t pause at 2000, however from here we expect […]
