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 Should Continue Lower
As much as many continue to look for higher metal prices, they all should continue headed south. There is no reason to believe that the current down trend is changing anytime soon although it is […]
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 and Silver Decision Time
Here we go again, Gold and Silver have reached a decision point, they can reverse the trend and start heading up or they will fail at these levels and head much lower. We are short […]
Gold and Silver Seeing Weak Rally
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 […]
Gold and Silver Take A Plunge
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 […]
Gold and Silver See a Small Bounce
Gold passed the first major test of 1850 on Thursday with a small bounce this morning. If this is the best Gold can do after yesterday’s attempt to break it down, its going to break […]
The Pressure is Mounting on Gold
On Tuesday, Gold had a volatile session, from 10 higher to 10 lower closing around mid-range. Gold has been in a downtrend for months and finally looks to be totally breaking down. This morning about […]
Gold Reverses Back to Short, Silver and Platinum Short
Pfizer announced a Vaccine on Monday that shows a 90% effectiveness, interesting timing. The news helped equities explode higher, while at the same time Gold, Silver and Platinum got clobbered. While Silver and Platinum were […]
Surprise, Gold, Silver and Platinum Rallies Fail
Like the soap opera’s, Gold, Silver and Platinum are keeping is on the edge of our seat. In recent trading action rallies have failed but left us close enough to consider reversing to the long […]