Gold and Silver Could get Ugly
Markets are always bringing new challenges or so it appears. The bottom line: the patterns continue to repeat from different levels. At the end of the day, all charts are the same, patterns repeat, and […]
Gold and Silver Should Continue to Struggle
As we look at the current price action in gold and silver there is no reason to believe the selling is over. There are many issues around the precious metals, and none support a major […]
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 […]
FOMC Pushes Gold and Silver to Resistance
Wednesday’s FOMC meeting and announcement came as expected. Equities and metals soared higher taking both to key resistance levels. This morning both are selling off and dip buyers will be ready to charge in chasing […]
What Does FED Day Mean for Gold and Silver?
Today is FED Day or the day the clueless try to fix or cover up their many mistakes. The FED has done nothing in 109 years to benefit the average person and I suspect today […]
Looks Like a Rough Period for Gold and Silver
Gold and Silver look like they are headed for a rough period. Looking back, they were down for the 2nd week in a row. Neither has seen a positive week in the last nine. We […]
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 […]