Gold Starts the Year Under Pressure
Monday was the first trading day of the year – Gold, Silver, and Platinum got hammered. The selling started early and never relented. The pressure on Gold was enough to reverse our trading position back […]
Gold and Silver Going Lower
Gold and Silver are following the children’s book, “The Wheels on the Bus” go round and round, which describes the current pattern in markets. For months we have been trying to write about these markets […]
Gold, Silver, and Platinum Charge Higher
On Friday Gold, Silver and Platinum had big rallies, in impressive action Gold was up 25, Silver .51 and Platinum +31. However, it wasn’t strong enough to reverse the recent downtrend. Gold looks the best […]
Gold, Silver and Platinum Slow Enough to be Closed
Gold looks headed for day three lower, but the selling is on no volume. We are long and have little concern with the current trade because the selling volume is miniscule. Typically, volume is heavy […]
Gold, Silver and Platinum Head South
As expected, Gold, Silver and Platinum are heading lower maintaining the current trend is lower. While Platinum and Gold are weak, Silver has broken down indicating the selling could accelerate.
Gold and Platinum are approaching dangerously […]
Silver Breaks Down, Gold Stays in Consolidation
Monday was an interesting day in the metals. Early, Gold, Silver and Platinum looked like they were going to have an ugly day. All three were under heavy pressure joining equities in some panic selling.
Gold […]
Gold Breaking Down, Silver Fights to Hold Support
Tuesday Gold made its first attempt to beak to the downside, only to rally back and close on support. This morning Gold is once again breaking through the bottom of the range indicating it should […]
How Ugly will it get for Gold and Silver?
How bad could it get for Gold and Silver? No one knows the answer to this question however, if it does get ugly, we can expect to go down farther than we think. There is […]
Gold and Silver Instant Replay
We often write about the different patterns in the markets including the simple fact that all charts are the same and all patterns repeat themselves. This is a hard concept for many to grasp but […]
Selling Everywhere Including Gold and Silver
Gold and Silver continue to act well despite this morning’s sell off. As we watch all markets now it looks like a sell everything now, ask questions later. All markets have these moments when we […]