Gold and Silver Mixed and Confused
Gold and silver appear to be in a confused state. Although gold got hammered on Monday, the trend has reversed to higher while the trend in silver is down. The action has all parties scratching […]
Gold and Silver Lousy Price Action
If you understand trading versus investing, then you should understand price action. Unfortunately, too many put their opinions above the facts. Fact, in the short run markets go up and down, sometimes trending for extended […]
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 […]
Gold and Silver Could get Ugly
Markets are always bringing new challenges or so it appears. The bottom line: the patterns continue to repeat from different levels. At the end of the day, all charts are the same, patterns repeat, and […]
Gold and Silver Continue to Follow the Script
There are times when markets do exactly what you expect of them. That is the case for Gold, Silver, and Platinum; they have consolidated while pulling back to support. This action could not have been […]
And They’re Off, Gold Trying to Break 1900
As Gold pushes higher it has stayed on script, trading as expected. Tuesday’s pull back was met with buyers and this morning Gold is trying to break through the key level of 1900. Whether or […]
Gold Under Pressure in Front of the FED Meeting
On Tuesday Gold continued pushing through the 1840 level, trading as high as 1854. Support for Gold becomes 1940, which is a level to add on to long positions. This mornings sell off is natural […]
Gold, Platinum, and Silver Breaking Out
On Tuesday we wrote about the tortures of consolidation suggesting a breakout in either direction was coming. We wrote that based on our algorithm and positions the breakout would be higher.
Wednesday was possibly just the […]
Gold and Silver Continue to Torture Traders
Many times, we have written about the pattern of consolidation, which is also known as the greatest time of uncertainty. No markets have been more uncertain than Gold and Silver for the past few months. […]
Gold Targets 1820
We are seeing a solid rally in Gold, Silver, and Platinum this morning. Are the patterns reversing? We remain short across the board but can see a path to a reversal. A close above 1820 […]