Gold Can’t Break Through Resistance
For the past few days Gold and Silver have tried to reverse trends and breakout to the upside. For now, they have failed at resistance looking to resume the trend lower. The failure came from […]
Gold and Silver Dealing with Ignorance
Gold and Silver continue to be under pressure, as much as the bulls deny the facts the trend is lower. For those who read me regularly you know I’m a believer in metals: Gold, Silver […]
Churning: Gold, Silver, Platinum, Rotate Around the Mean
Talk about a tough market to trade, Gold, Silver, and Platinum continue to rotate around the mean. This consolidation is the toughest to trade and doesn’t appear to be changing anytime soon. This pattern suggests […]
Gold and Silver Remain Weak
The metals remain weak and of course the Gold bugs are calling manipulation, price fixing and other things. Markets may be manipulated of fixed, but the price action still dictates the direction. You must remember […]
Gold Goes Up and Down While Silver Remains Weak
The pattern continues as Gold churns. Every rally has been met by sellers as the downtrend continues. The Gold bugs can continue to wish prices higher, however the trend has not changed. All the wishing […]
Gold and Silver Seeing Another Small Rally
Markets continue to be a challenge to trade. Gold and Silver are slightly higher this morning, but the rally will probably fail once again. This is the pattern they are in, which will eventually change.
There […]
Did Gold, Silver and Platinum Make Blow off Bottoms?
Crazy overnight action in thin liquidity lacking markets. Gold, Silver and Platinum get crushed early, Gold was down 65.00 with a lower of 1677 overnight, Silver over 1.00 at 22.95 and Platinum down 18 at […]
Gold, Silver and Platinum: Another Day, No Change
The redundancy of it all, Gold, Silver and Platinum remain in a weak pattern. Every rally continues to be met by sellers. On Tuesday we saw a a solid rally that turned lower on the […]
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 […]
The Lion, Gold and Silver Sleep Tonight
The metals markets cannot get much quieter, once again Gold failed to breakout. Gold’s constant failure at resistance making lower highs is very bearish. The overall action is like the Lion King, The Lion Sleeps […]