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 and Silver Fail First Test
Monday saw a nice rally in gold and silver; they appeared to be breaking out and reversing the trend. However, the rally failed and metals closed below resistance. There are many reasons to believe the […]
Gold and Silver Hovering Near Flatline
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’s Natural Bounce from Support
The FED has spoken. They didn’t say much but it was enough to create a sell off in Gold. This morning Gold is seeing a sharp rally from a major support level. That does not […]
Gold Reverses While Silver Stays Long
You can’t always get what you want, the classic by the Rolling Stones, is playing right in front of us. We were long Gold, Silver, and Platinum and today we are short Gold and Platinum […]
Pressure on Gold Reverses Pattern
Now that the FED has spoken, all expectations for Gold to take off to the upside has ended. The sellers have taken control and overpowered the bulls. Blame it on the FED, but that doesn’t […]
FED Ignorance Crushes Gold
Of course, we know that the Federal Reserve has never done the right thing in its 108-year history. Wednesday proved to do nothing different; they had a chance to grab control and decided on basically […]
Gold Under Pressure in Front of the FED Meeting
On Tuesday Gold continued pushing through the 1840 level, trading as high as 1854. Support for Gold becomes 1940, which is a level to add on to long positions. This mornings sell off is natural […]
Gold and Silver Struggles Continue
Today is jobs Friday; equities and metals have been under pressure all week. The FED continues to be unable to recognize the problems they created. The question here is what has the market priced into […]
FED Sticks it to Gold Once Again
The FED sticks it to Gold traders once again, which is no surprise. There are so many flaws with the FED going back 108 years. They have proven many times to never make the correct […]