“Sell Wilson Sell,” Gold Heading South
If you remember the great movie Trading Places, one of the classic lines towards the end of the movie was “sell Wilson sell.” That would be the stance we would be taking on gold now: […]
Thursday’s Reversal in Gold, Temporary
Thursday saw a dramatic reversal in gold and platinum with a marginal reversal in silver. As we look at the price action, we can conclude that they will continue to trend lower and rallies to […]
Gold and Silver Breaking Down
After an attempt to rally on Friday the sellers have returned in force in gold, silver, and platinum. For many they will be calling manipulation, which is laughable, to complete a trade there must be […]
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 Under Pressure
The pressure is on, gold and silver continue to fail at resistance levels. On Thursday gold and silver rallied, failed, and headed lower again this morning. The metals are on pace to test major support […]
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 […]
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 […]
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 […]
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 and Silver Under Pressure
Thursday’s rally in Gold and Silver is being met with sellers this morning. The precious metals should come under pressure with a strong downtrend. As markets churn waiting for the next big move there are […]