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 […]
Chair Powell Reappointed, Gold Takes a Dive
On Monday President Biden reappointed Fed Chair Powell, sent Gold into a nosedive and reversing our long trading position to short today. The selling was sharp, fast, and constant. Silver and Platinum were weak as […]
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 Trading Doesn’t Get Much Worse
One thing we know for an absolute certainty, trading is hard. From our opinions that control our trades to lousy trading conditions and our emotions, we have challenges everywhere. These are the facts traders battle […]
Gold, Silver and Platinum Find New Levels
As Gold, Silver and Platinum prepare for the next big move higher they now find themselves consolidating. The bullish action shows us this consolidation at higher levels than before. The set up is bullish but […]
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 […]