Gold above Key Resistance
Gold is breaking through the key resistance of 1800 as the churn continues. The 1800 level has been like a magnet, when it’s below it comes back as it does when it is above. It […]
This Morning’s Rally in Gold Should Fail
This morning we are seeing Gold, Silver, and Platinum rallying. Gold is up about 6.00, Silver .20 and Platinum 7.00, but we expect these rallies to fail. Maybe not this morning or today, but over […]
Pressure on Gold Reverses Pattern
Now that the FED has spoken, all expectations for Gold to take off to the upside has ended. The sellers have taken control and overpowered the bulls. Blame it on the FED, but that doesn’t […]
FED Ignorance Crushes Gold
Of course, we know that the Federal Reserve has never done the right thing in its 108-year history. Wednesday proved to do nothing different; they had a chance to grab control and decided on basically […]
Gold Under Pressure in Front of the FED Meeting
On Tuesday Gold continued pushing through the 1840 level, trading as high as 1854. Support for Gold becomes 1940, which is a level to add on to long positions. This mornings sell off is natural […]
Gold Struggles at 1840, Silver is on the Move
For the past few days, the equity markets have been getting hammered, the trend has reversed to lower. At the same time, Gold, Silver, and Platinum have had solid rallies. All three have made highs […]
Gold, Platinum, and Silver Breaking Out
On Tuesday we wrote about the tortures of consolidation suggesting a breakout in either direction was coming. We wrote that based on our algorithm and positions the breakout would be higher.
Wednesday was possibly just the […]
Gold and Silver Continue to Torture Traders
Many times, we have written about the pattern of consolidation, which is also known as the greatest time of uncertainty. No markets have been more uncertain than Gold and Silver for the past few months. […]
Gold, Silver, and Platinum Reverse to Long
For the past few days, we mentioned that Gold, Silver, and Platinum looked like they were getting ready to reverse. Wednesday’s rally pushed them all to reversals and we are now long. Price action dictates […]
Gold Tries to Breakthrough 1820, Rejected
Gold, Silver, and Platinum had nice rallies on Tuesday. However, the key level of 1820 February Gold was rejected. This morning Gold is trading around 1817, the possibility exists that it could breakout today or […]