Pressure on Gold Reverses Pattern
Now that the FED has spoken, all expectations for Gold to take off to the upside has ended. The sellers have taken control and overpowered the bulls. Blame it on the FED, but that doesn’t […]
FED Ignorance Crushes Gold
Of course, we know that the Federal Reserve has never done the right thing in its 108-year history. Wednesday proved to do nothing different; they had a chance to grab control and decided on basically […]
Gold Under Pressure in Front of the FED Meeting
On Tuesday Gold continued pushing through the 1840 level, trading as high as 1854. Support for Gold becomes 1940, which is a level to add on to long positions. This mornings sell off is natural […]
Gold Struggles at 1840, Silver is on the Move
For the past few days, the equity markets have been getting hammered, the trend has reversed to lower. At the same time, Gold, Silver, and Platinum have had solid rallies. All three have made highs […]
Gold, Platinum, and Silver Breaking Out
On Tuesday we wrote about the tortures of consolidation suggesting a breakout in either direction was coming. We wrote that based on our algorithm and positions the breakout would be higher.
Wednesday was possibly just the […]
Gold, Silver, and Platinum Reverse to Long
For the past few days, we mentioned that Gold, Silver, and Platinum looked like they were getting ready to reverse. Wednesday’s rally pushed them all to reversals and we are now long. Price action dictates […]
Gold Tries to Breakthrough 1820, Rejected
Gold, Silver, and Platinum had nice rallies on Tuesday. However, the key level of 1820 February Gold was rejected. This morning Gold is trading around 1817, the possibility exists that it could breakout today or […]
Gold Targets 1820
We are seeing a solid rally in Gold, Silver, and Platinum this morning. Are the patterns reversing? We remain short across the board but can see a path to a reversal. A close above 1820 […]
Sound Familiar, Gold Fights for 1800
Here we are once again with Gold fighting at the pivot point of 1800. This battle has gone on for months indicating months of congestion. This time around, the trend is lower meaning that 1800 […]
Gold and Silver Struggles Continue
Today is jobs Friday; equities and metals have been under pressure all week. The FED continues to be unable to recognize the problems they created. The question here is what has the market priced into […]