Gold Getting Crushed, 1600 Here We Come
Through all the hate mail and the gold bugs telling me that gold was going much higher, we remain short and are on target for our next target of 1600. The price action doesn’t lie; […]
Gold and Silver Heading South
The key levels for gold and silver have failed. The failure through 1850 gold and 22 silver should bring the next level down in play. We remain short but know that 1800 gold and 2100 […]
Gold, Silver, and Platinum Reverse to Long
For the past few days, we mentioned that Gold, Silver, and Platinum looked like they were getting ready to reverse. Wednesday’s rally pushed them all to reversals and we are now long. Price action dictates […]
The Moment of Truth for Gold and Silver
After reaching lows on Wednesday morning before the FED announcement, Gold, Silver and Platinum have rallied hard and appear ready to reverse direction. Today’s action is the key; a higher close will probably trigger a […]
Gold and Silver Struggles Continue
The struggles for Gold and Silver continue with their inability to sustain any rally. None of this should be a surprise to anyone. We never know exactly when a market can turn but we can […]
Gold, Silver and Platinum Find New Levels
As Gold, Silver and Platinum prepare for the next big move higher they now find themselves consolidating. The bullish action shows us this consolidation at higher levels than before. The set up is bullish but […]
Gold, Silver Take Out Key Resistance
And they are off – Gold and Silver have broken through the key resistance levels and could run a long way. Platinum looks prepped to do so today. Today is Veterans Day, which could slow […]
Gold, Silver and Platinum Pulling Back
As expected, Gold, Silver and Platinum are pulling back from resistance levels. All three reached the first resistance levels on Tuesday which is causing a natural pullback that is healthy for the market setting up […]
For Gold and Silver, It’s About the Jobs Number
This week ends with the last big news announcement of the week – Non-Farm Jobs number. Gold and Silver should see some wild movement on the number at 8:30 EST. Whatever the initial reaction is […]
Gold and Silver Hit a Speed Bump
Not much has changed with Gold, Silver and Platinum. They are all in uptrends and are ready to run. Yes, they had a rough Tuesday and are lower this morning, however the overall pattern has […]