Silver Reverses to Long, Gold Still Struggles
As we approach the final week of 2021, Gold remains in a struggle to reverse from the short side to long. Although Gold has broken through 1800, its inability to find a consistent rally will […]
Gold, Silver, and Platinum, Positioned to Go Lower
Gold, Silver and Platinum are positioned to make another run to the downside. The trio remain weak and without energy indicating lower prices are ahead. There is nothing that indicates this pattern is changing anytime […]
Gold Continues to Fight for 1800
Gold is once again trying take takeout 1800 February futures. For now, we will assume that it will fail. 1800 has acted like a magnet for the past few weeks; when it gets above it […]
Gold Reverses, Short Squeeze or Turnaround
Yesterday we wrote that Gold, Silver and Platinum were waiting on the FED and that they were pricing in big decision. Once again, the FED tries to cover the ignorance of their ways and took […]
Weak Jobs, Weak Economy and Weak Gold
There is one thing that is consistent through all markets, they are all weak. The economy is weak, and the rally has been a mirage built on added money supply trying to keep pace with […]
If Gold is a Hedge, Why is it Under Pressure?
First, lets be clear about one thing. I’m a big fan of owning physical metals which I will never sell. Second, I will trade the paper gold long or short depending on the trend. However, […]
Gold, Silver and Platinum Have Work To Do Lower
As we approach the end of the year, Gold, Silver, and Platinum have work to do on the downside. The dramatic drop last Friday, Monday and Tuesday did a lot of technical damage to the […]
Look for an Oversold Bounce in Gold and Silver
Gold, Silver and Platinum have been under heavy pressure destroying every support level on the way. From a purely technical view of the charts, they have all broken down which brings much lower prices into […]
Gold, Silver Frustrations Mount
Once again Gold, Silver and Platinum appear to be under pressure. The trend remains up, but the trading action has been miserable. This is always the type of action that creates traders to do the […]
Gold, Silver and Platinum Pause Before Next Move
Monday saw a quiet day in metals. Gold, Silver and Platinum were on both sides of unchanged, hugging near unchanged. We saw light volume with little movement which is only a sign that Gold, Silver […]