The pattern continues as Gold churns. Every rally has been met by sellers as the downtrend continues. The Gold bugs can continue to wish prices higher, however the trend has not changed. All the wishing […]
I have been trading as an independent trader for 43 years, one thing I can tell you, we never get used to the misery of congestion. This is the pattern that we have been watching […]
The Gold bugs continue to call ‘fix and manipulation’ because Gold and Silver continue to get hammered. Out of all asset classes in the world the metals cause the most emotional […]
The trend for Gold and Silver remains lower and both are under pressure this morning. They have both rallied a small amount from their lows but look weak just the same. The lower trend brings […]
Although Gold and Silver closed higher on Thursday, their overall action was bearish which is consistent with the current trend. The fact that they both failed at key resistance levels suggests lower prices are ahead. […]
Gold and Silver are both slightly higher overnight but continue to show signs of weakness. With each rally attempt Gold and Silver show a lot of room on the downside. Our first resistance in Gold […]
Gold, Silver and Platinum had nice rallies on Tuesday which was expected. We wrote about our expectations and we would be sellers. We added to our shorts in Gold and Silver, selling at resistance in […]
Gold continues to be under heavy pressure and broke below 1700 on Wednesday. There was an immediate bounce with Gold still closing lower on the day. The trend is bearish showing no signs of new […]
The selloff in Gold continued on Monday and so far, today. 1700 April Gold futures which we could see today. There is no doubt there will be some sort of bounce in Gold, but the […]
With the U.S markets closed on Monday but trading electronically we saw equities make new highs across the board. Gold was lower, Silver higher and Platinum exploded to seven-year highs. The rally in Platinum continues […]
