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 […]
The Gold Rush is On
The Gold rush has begun with a weekly breakout. The next major levels to watch are 1880-1900 December Gold futures. The buying has been on volume giving two weeks of higher prices and higher volume. […]
Gold, Silver, and Platinum Pulling Back to Support
After Thursday’s solid rally Gold, Silver and Platinum are seeing a small pull back this morning. Yesterday we wrote that a pullback was expected and healthy for the metals. With a clear head those who […]
Gold, Silver Resting Before Next Big Move
Monday saw a solid rally in Gold, Silver and Platinum, all reached a small level of resistance. Based on the current trend and price action they should reach their major resistance levels very soon. We […]
Gold and Silver in Never, Never Land
One thing we can take away from the recent trade in Gold, Silver, and Platinum – it sucks. The price action has been about as bad as it gets. The metals although in an uptrend […]