Gold and Silver Head Back to Support
The past few days gold and silver have attempted to breakout to the upside but have failed. The next logical step is a return to support, 1900 gold and 25.5 silver. The pattern suggests a […]
Gold and Silver Continue to go Nowhere
Gold and Silver continue to churn around the mean. The pattern is compressing, indicating a much bigger move is coming. As we look at the charts, Gold support is 1900 and resistance 1950, Silver support […]
Gold and Silver Hovering Near Flatline
As expected, Gold, Silver and Platinum continue to churn around the mean. We remain short Gold and Silver which should pull back to at least the key pivots of 1900 Gold and 23.50 Silver. They […]
Gold and Silver Under Pressure
Thursday’s rally in Gold and Silver is being met with sellers this morning. The precious metals should come under pressure with a strong downtrend. As markets churn waiting for the next big move there are […]
Gold’s Natural Bounce from Support
The FED has spoken. They didn’t say much but it was enough to create a sell off in Gold. This morning Gold is seeing a sharp rally from a major support level. That does not […]
Markets Don’t Always Cooperate, Gold and Platinum Struggle
First Gold reversed to a trade on the short side and now Platinum, if we were trading it. However, the lack of liquidity prevents our group from trading it, but it would be a short. […]
Gold Reverses While Silver Stays Long
You can’t always get what you want, the classic by the Rolling Stones, is playing right in front of us. We were long Gold, Silver, and Platinum and today we are short Gold and Platinum […]
Gold and Silver Continue to Follow the Script
There are times when markets do exactly what you expect of them. That is the case for Gold, Silver, and Platinum; they have consolidated while pulling back to support. This action could not have been […]
No Surprises for Gold and Silver
On Thursday we wrote that Gold, Silver, and Platinum should do some churning at these levels. That is exactly how they performed, whipped before closing near the unchanged level. Gold up about 6.00, Silver up […]
Gold and Silver Sell Off, Buying Opportunity
Wednesday’s trade was expected – maybe not the depth of the sell off, but the price action. We should expect this type of price action for the next few days or weeks as Gold, Silver […]