Gold and Silver Meet the Moment of Truth
Like magic, gold and silver have pulled back to their key support levels of 1900 and 24.5. They are once again at the moment of truth leaving two options: breakdown or rally again. The trend […]
Markets Don’t Always Cooperate, Gold and Platinum Struggle
First Gold reversed to a trade on the short side and now Platinum, if we were trading it. However, the lack of liquidity prevents our group from trading it, but it would be a short. […]
Gold, Silver and Platinum Have Work To Do Lower
As we approach the end of the year, Gold, Silver, and Platinum have work to do on the downside. The dramatic drop last Friday, Monday and Tuesday did a lot of technical damage to the […]
Look for an Oversold Bounce in Gold and Silver
Gold, Silver and Platinum have been under heavy pressure destroying every support level on the way. From a purely technical view of the charts, they have all broken down which brings much lower prices into […]
Gold and Silver Ready to Run
Monday was a solid day of gains for Gold, Silver and Platinum however none of them reached the key levels of resistance. The patterns are setting up nicely and we would consider step one completed.
For […]
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. […]
FED Flattens Silver and Gold
The FED does it again, more ridiculous policy decisions that took the wind out of Gold and Silver. Wednesday before the FOMC decision on interest rates Gold and Silver were rallying, trying to reverse the […]