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 […]
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 […]
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 […]
The pressure on Gold remains strong, nothing has been able to shake the bears from selling. The trend is clearly lower, Gold is headed to 1750 and 1700. The path of least resistance is lower, […]
On Friday we wrote that Gold was in danger of breaking down. We saw a heavy sell off on Friday and overnight into this holiday trade Gold traded 1800. We expect the selling to accelerate […]
Although we reversed our Gold position on Tuesday and are now long Gold it is no real surprise that there is a small sell off this morning. Gold had rallied from 1770 to 1870 based […]
Last week Gold and Silver tried to rally and reverse trend, they failed. This morning, after churning around unchanged until around midnight, suddenly the sellers showed up until about 3:30 am EST the selling was […]
Here we go again, Gold and Silver are higher. The rally is weak, without conviction with a greater likelihood to fall apart before the day is over. The way the markets look now, Gold and […]
We have been writing for weeks that Gold and Silver were at key levels of support. These levels were must hold or they would get flushed and sure enough on Monday, they both failed and […]
Platinum has now joined Gold and Silver in breaking their major support levels. Much lower prices are coming, however after the recent selling pressure bottom pickers will attempt to buy and rallies will show. When […]