Gold and Silver, How Low Can They Go?
Although marginally higher this morning, gold, silver, and platinum are ugly. The big question: how low can they go? No one knows when the selling will stop however the price action is as bad as […]
Although marginally higher this morning, gold, silver, and platinum are ugly. The big question: how low can they go? No one knows when the selling will stop however the price action is as bad as […]
If you remember the great movie Trading Places, one of the classic lines towards the end of the movie was “sell Wilson sell.” That would be the stance we would be taking on gold now: […]
As we watch the price action in the precious metals there is no doubt that we will see a natural bounce from oversold conditions. The speed and angle in which gold and silver are falling […]
Just when it looked safe to get back in the gold waters, the sharks once again ripped the heart out of the gold bulls. Gold’s failure to break above resistance was a warning sign. Last […]
It’s amazing how similar or correlated products can really trade in opposite directions. Gold and silver are doing just that. Although, they look similar in the charts, silver is in an uptrend as gold remains […]
Silver has reversed and broken out to the upside. After a week of consolidation, the buyers have showed up and pushed silver through the top. Gold has been in a similar pattern just a little […]
After the horrible trade the last couple of days, gold and silver are charging higher. The real question, is this another trap or is the rally real? Unfortunately, we don’t know the answer. This could […]
For a few days it appeared that gold and silver had found a bottom. There was hope that the lows were in and a rally was coming. Once again, they failed to take out the […]
Thursday saw a dramatic reversal in gold and platinum with a marginal reversal in silver. As we look at the price action, we can conclude that they will continue to trend lower and rallies to […]
Gold, silver, and platinum remain under pressure despite Wednesday’s rally attempt. Once again, this morning the metals are testing the key support levels. Those levels remain the same 1700 gold, 1850 silver, and 800 platinum. […]