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 […]
“Sell Wilson Sell,” Gold Heading South
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: […]
Expect a Natural Bounce in Gold, Silver, and Platinum
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 […]
Gold Rush or Gold Crush
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 […]
Gold at Resistance, Silver at Support
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 Breaking Out to the Upside, Will Gold Follow?
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 […]
Gold and Silver: Rally, Real or Trap?
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 […]
Gold and Silver Fail Miserably
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’s Reversal in Gold, Temporary
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 and Silver Test Support, Must be Manipulation
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. […]