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 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 […]
Gold and Silver Under Pressure
The pressure is on, gold and silver continue to fail at resistance levels. On Thursday gold and silver rallied, failed, and headed lower again this morning. The metals are on pace to test major support […]
Gold and Silver get Hammered
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 […]
Gold Struggles at 1840, Silver is on the Move
For the past few days, the equity markets have been getting hammered, the trend has reversed to lower. At the same time, Gold, Silver, and Platinum have had solid rallies. All three have made highs […]
Can Gold Hold the New Uptrend?
Although Gold is getting hammered this morning, based on yesterday’s close the trend has reversed to up. We will look at this as an opportunity to buy at better prices but buying we are doing. […]
Gold and Silver Show a Bearish Rally
At the end of last week Gold, Silver and Platinum mounted a strong rally, or did they? With the trend being down we will assume the rally was short covering and not a reversal. You […]
That’s Not Right, Gold Lower, Silver Flat
Monday the equity markets and most of the soft commodities got hammered triggering sell signals in some of the equity markets. This morning markets are up big which is a sell signal. Down trending markets […]
Gold, Silver and Platinum Headed Lower
The metals remain about as ugly as it gets, the patterns are weak and there is no volume. This morning we have reversed Gold to the short side joining Silver, that we trade, and Platinum, […]