Down They Go, Silver, Gold, and Platinum
The selling intensifies in gold, silver, and platinum. From the August 12th highs to new recent lows. The selling should continue although a rally in the next day or two would be no surprise. Often […]
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 […]
Gold and Silver Pricing is Correct
Yesterday we wrote that the metals were melting down which brought many questions. The biggest question was about the reasoning and why the metals could be so bad in the current economic environment. The answer […]
Gold and Silver Stay Silent
Gold and silver continue their quiet trade as if they were wandering in the wilderness. If you gave them an EKG, both would be pronounced dead. Between the cries of manipulation and the faltering world […]
Gold and Silver Lousy Price Action
If you understand trading versus investing, then you should understand price action. Unfortunately, too many put their opinions above the facts. Fact, in the short run markets go up and down, sometimes trending for extended […]
Gold and Silver Fail Once Again
Like reading a textbook the recent action in gold and silver has been according to script. The technical trade has been almost perfect. While those who cry manipulation or some other nonsense, gold reached support […]
Are Gold and Silver Breaking Down?
Gold and silver are now below some critical levels and are in the process of heading lower. This brings us to the question: are gold and silver breaking down? It is not that simple, but […]
FOMC Pushes Gold and Silver to Resistance
Wednesday’s FOMC meeting and announcement came as expected. Equities and metals soared higher taking both to key resistance levels. This morning both are selling off and dip buyers will be ready to charge in chasing […]
April Fools, What’s Next for Gold and Silver
For the past three weeks gold and silver have been stuck in a tight trading range indicating a much bigger move is coming. The pattern we are watching is known as consolidation which is simply […]
Gold Spikes Higher Monday, Now Lower
Although Monday was a holiday in the U.S. the markets were open electronically. Gold churned most of the day before a rally before the close. The reopen last night saw Gold spike to 1918, our […]