Gold and Silver Stay Short
For the past few days, we have been watching Gold and Silver expecting a possible trend change with a reversal to the long side of the markets. Thursday’s rally was not quite enough, although it […]
For the past few days, we have been watching Gold and Silver expecting a possible trend change with a reversal to the long side of the markets. Thursday’s rally was not quite enough, although it […]
Many Gold bugs continue to try and call the bottom for the yellow metal. Last week’s action was just what the doctor ordered for Gold – or was it? Obviously, there is no simple answer, […]
The simple answer is: we don’t know. However, based on price action Gold has a lot more room on the downside. Dead cat bounces happen in all markets all the […]
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 […]
This morning Gold, Silver and Platinum are up nicely, the bigger question: Can the rally hold? That is an answer only fortune tellers, Prophets and self-proclaimed Gurus can answer. From a basic technical view of […]
This morning the metals are moving higher which was expected after Friday’s ugly sell off. These rallies in bear markets are meant to be sold. In other words, we are looking for a level in […]
The metals have been quiet this week while at the same time confirming their trends and establishing new levels. Gold remains in a solid downtrend and has established a new resistance level. We are now […]
Friday, Gold made a new 8 month low and is bouncing this morning. This rally is normal and natural from a new low. The odds favor that this rally is just another selling opportunity and […]
After Monday’s big rally in Gold and Silver they have confirmed the breakouts and should continue to run higher. Platinum was the weakest of the group on Monday, but held support and should join the […]
On Thursday we wrote that Gold, Silver and Platinum were attempting to breakout, overnight and this morning they are exploding higher. Gold is up over 40.00, Silver over 1.00 and Platinum higher by 38.00. This […]