FED Day, Anything Goes for Gold
Today the FOMC announces their decision on interest rates and tapering. There are many theories on what they may or may not do. We know the FED is clueless without common sense relying on 100-year-old […]
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 […]
Gold Testing 1800, Looks Like a Selling Opportunity
Here we go again, the gold bugs will be out touting how high gold is going. As we have written in the past, there is no doubt Gold, Silver and Platinum will be higher in […]
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 […]
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 […]
For Gold and Silver, It’s About the Jobs Number
This week ends with the last big news announcement of the week – Non-Farm Jobs number. Gold and Silver should see some wild movement on the number at 8:30 EST. Whatever the initial reaction is […]
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 […]
Instant Replay, Gold and Silver Sitting
Monday was like the previous couple of weeks for Gold and Silver; they made a charge to breakout to the upside but failed. Platinum did the same and the 40.00 rally only reached […]
Gold and Silver Continue in a Funk
Gold, Silver, and Platinum continue to trade in a malaise. All three remain stuck in a range and show all the makings of a large move. For now, we assume that move to be up. […]
Gold and Silver Action Brutal
Markets are always a challenge and never make it easy. Day traders get tortured by price action like we have seen the past few days in Gold, Silver, and Platinum. For the fifth day in […]