Gold and Silver get Hammered
Monday was an ugly day for gold and silver. Both were sold relentlessly taking gold down 50.00 to the 1850 area and silver was worse down to 22.13. This was not unexpected and there is […]
Looks Like a Rough Period for Gold and Silver
Gold and Silver look like they are headed for a rough period. Looking back, they were down for the 2nd week in a row. Neither has seen a positive week in the last nine. We […]
Gold and Silver Test Support then Rally Hard
On Thursday gold, silver, and platinum tested their support levels and rallied sharply from there. Metals are up sharply this morning and should now test resistance. The price action has been as scripted which means […]
Gold, Silver, and Platinum Heading to Support
Wednesday the pressure remained on gold, silver, and platinum. For now, the precious metals are ugly and appear to be headed to support levels. There may be many reasons to be bullish metals but price […]
Gold, Silver, and Platinum in Trouble
Once again Tuesday gold, silver and platinum demonstrated that trouble lies ahead for the precious metals. They were trying to rally and failed miserably. The price action suggests that the metals are headed lower.
Market failures […]
Gold and Silver Headed South
Monday saw a hard sell in gold, silver and platinum which was expected. The extent of the sell off was big enough to produce a rally in the next day or two but the sellers […]
Gold Rush Over for Now
Gold and silver have just failed and key resistance levels, which took all momentum away from the metals. Based on the price action at the time, this is a colossal failure and could lead to […]
Gold and Silver Can’t Find Traction
In the words of Dolly Parton “Here We Go Again.” Gold and silver can’t seem to gain traction. Just a couple of days ago they were on fire and looked ready to run. They had […]
The Frustrations of Trading Gold and Silver
Many times over the years, we have written about the frustrations of trading and we are experiencing the worst of it now. A couple of days ago, gold and silver looked ready to breakout to […]
Gold and Silver Fail at Resistance – That’s Bullish
Monday, we wrote that the key levels to watch for Gold and Silver were 2000 and 26.5. Both failed miserably at those levels and sold off. The selling continues this morning as the head towards […]