Gold and Silver Bounce, Not Very Impressive
Friday’s jobs number was a disaster as was the drop in the employment number which indicates no job growth and many giving up and not looking. After the news hit Gold and Silver bounced while […]
Weak Jobs, Weak Economy and Weak Gold
There is one thing that is consistent through all markets, they are all weak. The economy is weak, and the rally has been a mirage built on added money supply trying to keep pace with […]
New Day Same Problem, Gold and Silver Under Pressure
For weeks, Gold and Silver have been under pressure. Even when it looks like they are going to turn around the sellers show up. Wednesday Gold and Silver were higher early only to fail again. […]
Volatility and Trend Keep Pressure on Gold
Everyday has become a mirror image of the day before for Gold, Silver and Platinum. They try to rally and fail; this pattern has been happening for a couple of weeks. Tuesday morning, big rally […]
Gold Testing 1800, Looks Like a Selling Opportunity
Here we go again, the gold bugs will be out touting how high gold is going. As we have written in the past, there is no doubt Gold, Silver and Platinum will be higher in […]
Gold, Silver and Platinum Have Work To Do Lower
As we approach the end of the year, Gold, Silver, and Platinum have work to do on the downside. The dramatic drop last Friday, Monday and Tuesday did a lot of technical damage to the […]
Look for an Oversold Bounce in Gold and Silver
Gold, Silver and Platinum have been under heavy pressure destroying every support level on the way. From a purely technical view of the charts, they have all broken down which brings much lower prices into […]
Chair Powell Reappointed, Gold Takes a Dive
On Monday President Biden reappointed Fed Chair Powell, sent Gold into a nosedive and reversing our long trading position to short today. The selling was sharp, fast, and constant. Silver and Platinum were weak as […]
Gold, Silver Frustrations Mount
Once again Gold, Silver and Platinum appear to be under pressure. The trend remains up, but the trading action has been miserable. This is always the type of action that creates traders to do the […]
Gold, Silver Trading Doesn’t Get Much Worse
One thing we know for an absolute certainty, trading is hard. From our opinions that control our trades to lousy trading conditions and our emotions, we have challenges everywhere. These are the facts traders battle […]