Once again Monday Gold pushed higher on the fears of the possibility of Russia invading Ukraine. We put the probabilities of that happening less than 10%. The fears are being stoked by the administration trying […]
In typical fashion Gold and Crude Oil exploded Friday late, after the news of a possible Russian move into Ukraine. The moves came after the old pit hour closings which told us a couple of […]
After Gold had been on a four-day winning streak, taking the yellow metal to the brink of a reversal to long, we saw failure. After Thursday’s CPI number, which was hot, Gold, Silver and Platinum […]
As you regular readers know, we have been short Gold and Silver for quite awhile now. The pressure mounts as the metals try and breakout to the upside. What we are seeing in the price […]
Gold had a nice continuation rally on Monday and is very close to reversing to the long side. However, we remain short, cautiously. It feels like we will be reversing soon, the pattern looks good […]
Gold has broken through the 1800 level once again; will it hold and reverse to long? At this point there is no real answer except the trend is lower and until that changes it is […]
The battle is on between the bulls and bears for the next big move in Gold, Silver and Platinum. The markets move just enough higher before sellers show up and force out the weak hands. […]
It’s a new day but the same lousy action for Gold, Silver, and Platinum. The three are going nowhere; every rally is met with sellers and every sell off is met with buyers, hence they […]
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 is breaking through the key resistance of 1800 as the churn continues. The 1800 level has been like a magnet, when it’s below it comes back as it does when it is above. It […]
