Jobs Friday, What will Gold and Silver Do?
Here we go again, another major announcement that can have a dramatic effect on precious metals. Today we have the monthly jobs report which is a suspect number but can drive markets. Gold and Silver’s […]
Gold and Silver Test Support then Rally Hard
On Thursday gold, silver, and platinum tested their support levels and rallied sharply from there. Metals are up sharply this morning and should now test resistance. The price action has been as scripted which means […]
Gold, Silver, and Platinum Heading to Support
Wednesday the pressure remained on gold, silver, and platinum. For now, the precious metals are ugly and appear to be headed to support levels. There may be many reasons to be bullish metals but price […]
Gold, Silver, and Platinum in Trouble
Once again Tuesday gold, silver and platinum demonstrated that trouble lies ahead for the precious metals. They were trying to rally and failed miserably. The price action suggests that the metals are headed lower.
Market failures […]
Gold and Silver Headed South
Monday saw a hard sell in gold, silver and platinum which was expected. The extent of the sell off was big enough to produce a rally in the next day or two but the sellers […]
Gold Rush Over for Now
Gold and silver have just failed and key resistance levels, which took all momentum away from the metals. Based on the price action at the time, this is a colossal failure and could lead to […]
Big Day for Gold and Silver
Tuesday the markets greeted the 40-year high CPI number with a big rally early followed by a hard sell off. Gold and silver charged higher closing above the key resistance in gold and slightly below […]
Should We Watch Gold or the Masters?
It’s the second weekend in April which means the Masters Golf Tournament is on. Based on the recent price action in Gold, Silver, and Platinum, should we be watching the markets or the Masters?
For the […]
Gold and Silver Flat-lining
Gold and silver have been moving sideways for weeks. If you put them on a heart monitor, they would be declared dead. We know from experience a much bigger mover is coming, but we don’t […]
April Fools, What’s Next for Gold and Silver
For the past three weeks gold and silver have been stuck in a tight trading range indicating a much bigger move is coming. The pattern we are watching is known as consolidation which is simply […]