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 […]
As Expected, Gold has Some Mean Reversion
Tuesday’s Gold trade played out to script; the metals were under some pressure. The initial speed of the rally was too parabolic which cannot continue, there must be mean reversion. Tuesday traded as expected, but […]
Fear Continues to be Driving Gold
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 […]
FED Ignorance Crushes Gold
Of course, we know that the Federal Reserve has never done the right thing in its 108-year history. Wednesday proved to do nothing different; they had a chance to grab control and decided on basically […]
Sound Familiar, Gold Fights for 1800
Here we are once again with Gold fighting at the pivot point of 1800. This battle has gone on for months indicating months of congestion. This time around, the trend is lower meaning that 1800 […]