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 […]
Is Gold Ready to Reverse Trend?
Since the flash crash in Gold on Sunday/Monday August 9th the yellow metal has rallied everyday since. We have seen the low at 1680 and currently pushing 1800. As of today, we remain short but […]
Gold, Silver and Platinum Head South
As expected, Gold, Silver and Platinum are heading lower maintaining the current trend is lower. While Platinum and Gold are weak, Silver has broken down indicating the selling could accelerate.
Gold and Platinum are approaching dangerously […]
The Lion, Gold and Silver Sleep Tonight
The metals markets cannot get much quieter, once again Gold failed to breakout. Gold’s constant failure at resistance making lower highs is very bearish. The overall action is like the Lion King, The Lion Sleeps […]
Gold Trying to Breakout, Silver Sleeps
As we look at markets today, they are like a nightmare, conditions keep getting worse as trade dries up. This is no surprise; it is typical summer trade. Summers bring us lack of volume, volatility […]
Gold Bulls Get All Clear
After being short Gold for 3 months the buyers have reappeared. On Thursday Gold finally broke and closed above the key level of 1750 based on June futures. This has triggered a buy signal and […]
Gold and Silver Showing More Signs of Weakness
Gold and Silver are both slightly higher overnight but continue to show signs of weakness. With each rally attempt Gold and Silver show a lot of room on the downside. Our first resistance in Gold […]
Is the Trend Changing for Gold?
Gold is starting to show some life and the potential for a trend change. The major level of resistance is 1750 April futures. Although we remain short and will stay there until our algorithm turns […]
Look for a Gold Bounce Followed By…
Gold continues to be under heavy pressure and broke below 1700 on Wednesday. There was an immediate bounce with Gold still closing lower on the day. The trend is bearish showing no signs of new […]
Gold Holds True to Form, Silver Joins In
The selloff in Gold continued on Monday and so far, today. 1700 April Gold futures which we could see today. There is no doubt there will be some sort of bounce in Gold, but the […]