Gold and Silver Getting Ready to Test Lows
For the past few months all markets have been trading on light volume churning around the mean. This is an indication of a much bigger move is on the horizon. Like the consolidation phase of […]
Can Gold Hold the New Uptrend?
Although Gold is getting hammered this morning, based on yesterday’s close the trend has reversed to up. We will look at this as an opportunity to buy at better prices but buying we are doing. […]
Gold, Silver, and Platinum, Positioned to Go Lower
Gold, Silver and Platinum are positioned to make another run to the downside. The trio remain weak and without energy indicating lower prices are ahead. There is nothing that indicates this pattern is changing anytime […]
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 […]
Gold, Silver and Platinum Continue Consolidation
Many times, we have written about the phases of the markets and the most challenging pattern, consolidation. Known as the pattern that haunts traders because of its indecision. Consolidation is known as the greatest time […]
Gold, Silver and Platinum Should Remain Quiet
Markets are as quiet as they get this time of year. There is very little information that will drive markets in either direction, hence the pattern we are stuck in now. Although we can identify […]
Gold Struggles with No Interest
Gold’s trend finally reversed to long and promptly got hammered on Friday. The 16.00 drop is no big deal in the big scheme but painful just the same. As expected, volume is pathetic. In other […]
Gold Bulls Try to Make a Case
Gold bulls are out in force as I measure the amount of mail received telling me I’m wrong. The bad news is the trend is lower and there are no indications that the pattern will […]
Like all Markets, Gold and Silver Stalled
We are seeing typical summer action, slow and slower. This has an effect all markets including Gold, Silver, and Platinum. Tuesday’s CPI was much hotter than expected. Equities got hammered, Gold spiked, and Silver stayed […]
Gold and Silver Instant Replay
Like watching a great sporting event, viewers and fans always want to see the replay repeatedly. Gold and Silver look like they are setting up such a play. The fact that the exact pattern is […]