Gold and Silver Higher, Sell the Rally
Gold and Silver are seeing a solid rally this morning pushing up to our resistance levels. Until proven otherwise, we are sellers at resistance with the trend still lower. Based on the trend and recent […]
Gold, Silver Continues to Struggle
Another day, another mixed day in the metals. Gold and Silver appear stuck in quick sand as buyers don’t have enough power to push them up and the bears don’t have enough to push them […]
Gold, Silver Manipulated, LOL
Friday saw another horrific jobs number which is exactly what the current administration wants. They want to keep stimulus as they work towards universal basic income and socialized medicine. Gold was rallying just before the […]
Gold, Silver and Platinum Continue Consolidation
Many times, we have written about the phases of the markets and the most challenging pattern, consolidation. Known as the pattern that haunts traders because of its indecision. Consolidation is known as the greatest time […]
New Day, Same Lousy Trade for Gold and Silver
Traders like to see action in markets knowing the more they move the bigger the opportunity. The trade in Gold and Silver has been dead with virtually nothing to do. This type of action haunts […]
Gold Can’t Break Through Resistance
For the past few days Gold and Silver have tried to reverse trends and breakout to the upside. For now, they have failed at resistance looking to resume the trend lower. The failure came from […]
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 […]
Gold and Silver Deadcat Bounce or Reversal
There was a lot of excitement around Gold and Silver Thursday. Both had big rallies which brings the question: Deadcat bounce or reversal? The answer for now is we don’t know, we remain short. Based […]
Silver Gets Clobbered, Gold Under Pressure
Wednesday Silver got hammered and Gold was under pressure. None of this was a surprise; we expected this type of action. Silver continues to make lows and Gold remains under pressure. Platinum has turned over […]
Gold Headed to Flash Crash Lows
Gold continues to struggle at these levels; the downtrend remains in place. With Platinum and Silver already taking out the flash crash lows of August 8th-9th, Gold is a favorite to follow suit. Our downside […]