Gold Rush or Gold Crush
Just when it looked safe to get back in the gold waters, the sharks once again ripped the heart out of the gold bulls. Gold’s failure to break above resistance was a warning sign. Last […]
Gold at Resistance, Silver at Support
It’s amazing how similar or correlated products can really trade in opposite directions. Gold and silver are doing just that. Although, they look similar in the charts, silver is in an uptrend as gold remains […]
Silver Breaking Out to the Upside, Will Gold Follow?
Silver has reversed and broken out to the upside. After a week of consolidation, the buyers have showed up and pushed silver through the top. Gold has been in a similar pattern just a little […]
Gold and Silver: Rally, Real or Trap?
After the horrible trade the last couple of days, gold and silver are charging higher. The real question, is this another trap or is the rally real? Unfortunately, we don’t know the answer. This could […]
Gold and Silver Fail Miserably
For a few days it appeared that gold and silver had found a bottom. There was hope that the lows were in and a rally was coming. Once again, they failed to take out the […]
Thursday’s Reversal in Gold, Temporary
Thursday saw a dramatic reversal in gold and platinum with a marginal reversal in silver. As we look at the price action, we can conclude that they will continue to trend lower and rallies to […]
Gold, Silver, and Platinum Headed South
The weakness in gold, silver, and platinum has continued. Every rally attempt has been met by sellers. Monday precious metals tried to rally showing nice gains early, only to fail miserably. There is more room […]
Gold and Silver Test Support, Must be Manipulation
Gold, silver, and platinum remain under pressure despite Wednesday’s rally attempt. Once again, this morning the metals are testing the key support levels. Those levels remain the same 1700 gold, 1850 silver, and 800 platinum. […]
Gold and Silver Breaking Down
After an attempt to rally on Friday the sellers have returned in force in gold, silver, and platinum. For many they will be calling manipulation, which is laughable, to complete a trade there must be […]
Gold and Silver Push Lower
After the early selling this week gold and silver attempted a rally on Thursday. They have failed to hold any bounce and they should be headed lower. 1700 gold and 18 silver are now in […]