Gold and Silver Fail First Test
Monday saw a nice rally in gold and silver; they appeared to be breaking out and reversing the trend. However, the rally failed and metals closed below resistance. There are many reasons to believe the […]
Should We Watch Gold or the Masters?
It’s the second weekend in April which means the Masters Golf Tournament is on. Based on the recent price action in Gold, Silver, and Platinum, should we be watching the markets or the Masters?
For the […]
Gold and Silver Head Back to Support
The past few days gold and silver have attempted to breakout to the upside but have failed. The next logical step is a return to support, 1900 gold and 25.5 silver. The pattern suggests a […]
Gold and Silver Reach Resistance
Gold and Silver have reached the top of their ranges we have written about this week. The action we expect from these levels are a pullback to their respective support of 1900 and 24.5. The […]
Gold and Silver on Target to Test Next Levels
Over the past week we have experienced some very scary moments. The Russian attack on Ukraine, the bombing of a nuclear reactor and exploding prices in Crude. This has been one crazy week.
One might have […]
Gold and Silver Rest, Before the Next Move Higher
Gold and Silver are on their way higher although they appear to be taking a rest today. Last nights State of the Union was a nonevent for metals except the agenda appears to be very […]
Gold, Silver and Platinum Could Explode Higher
Gold and Silver have closed above key levels with Silver more convincing. Platinum is very close and could be the biggest winner of them all. The action gets more bullish everyday in the metals and […]
News is Noise, Gold Sits at 1800
This was loaded with news events from OPEC agreeing to more production, but Crude spiked 1.50. ADP Jobs Number was a miss, equities stayed up, Gold and Silver stayed marginally higher. Basically, they are hovering […]
Gold Struggles at 1840, Silver is on the Move
For the past few days, the equity markets have been getting hammered, the trend has reversed to lower. At the same time, Gold, Silver, and Platinum have had solid rallies. All three have made highs […]
FED Day, Anything Goes for Gold
Today the FOMC announces their decision on interest rates and tapering. There are many theories on what they may or may not do. We know the FED is clueless without common sense relying on 100-year-old […]