Gold’s Search for a Bottom
Gold’s Search for a Bottom
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 […]
Gold and Silver Head Lower
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 […]
Gold and Silver Should Resume Downtrend
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 Showing More Signs of Weakness
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 Rally Should Fail
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 […]
Look for a Gold Bounce Followed By…
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 […]
Gold Holds True to Form, Silver Joins In
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 […]
Tale of the Tape – Platinum Explodes, Gold Struggles
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 […]
Buyers are Out in Force for Gold and Silver
As we sit here holding short positions in Gold and Silver, the last couple of days have been painful. Yesterday we wrote that a much bigger selloff was coming, yet both Gold and Silver tried […]
Gold, Silver and Platinum Look to Be in Trouble
It appears the churning of Gold and Silver is ending with the resumption of the downtrend. The inability to take out resistance is a clear sign that the buyers have failed, making room for the […]