Surprise, Gold, Silver and Platinum Rallies Fail
Like the soap opera’s, Gold, Silver and Platinum are keeping is on the edge of our seat. In recent trading action rallies have failed but left us close enough to consider reversing to the long […]
Gold Attempting to Breakout of Resistance
Here we go again, Gold is attempting to breakout of the first level of resistance, however that does not change the overall bearish pattern. Overnight, Gold traded at 1929 December futures and has now pulled […]
Gold, Silver and Platinum Remain in Downtrends
Once again Gold, Silver and Platinum failed at resistance and look ready to test the bottom end of the range at support. The long-term trend remains the same, down, which is keeping us short.
Monday saw […]
Torn Between Two Levels – Gold and Silver Consolidate
Gold, Silver and Platinum are all in similar patterns, all in a downtrend, all consolidating between two levels and all looking to breakdown. We have been short since mid-August and now look for the next […]
Gold Joins Silver, Breaking Down
Gold has now joined the party of silver and is breaking down this morning. After holding support for the last couple of days, gold is under pressure this morning. The big question here, is this […]
Silver Breaks Down, Gold and Platinum Hold Support
Monday was quite wild for gold, silver, and platinum, all three had broken down below support. What look like a massacre turned out to be a breakdown in silver with gold and platinum holding support […]
Gold and Silver Fail at Resistance
And there you have it, both gold and silver failed to take out resistance closing lower on the day Tuesday. You have just witnessed why we do not make emotional decisions during the trading day, […]
Our Positions in Gold and Silver Look Bad
Well, our short positions in gold and silver are certainly under immense pressure, but at least for today we will remain short. This morning’s rally is pushing the upper levels of our signals. However, in […]
Gold, Silver and Platinum Push Higher
The solid rallies in gold, silver, and platinum roll-on. It appears that every sell off is now met with buyers. Gold is in a very solid bullish pattern which is just really consolidation waiting for […]
December Gold Prints 2000 Overnight
It finally happened; gold made new all-time highs. During the overnight trade, December gold futures traded $2000 an ounce. The big question is what will happen from here. The overnight action was extremely volatile and […]