Wednesday’s FOMC meeting and announcement came as expected. Equities and metals soared higher taking both to key resistance levels. This morning both are selling off and dip buyers will be ready to charge in chasing […]
Monday was an ugly day for gold and silver. Both were sold relentlessly taking gold down 50.00 to the 1850 area and silver was worse down to 22.13. This was not unexpected and there is […]
Gold and Silver look like they are headed for a rough period. Looking back, they were down for the 2nd week in a row. Neither has seen a positive week in the last nine. We […]
On Thursday gold, silver, and platinum tested their support levels and rallied sharply from there. Metals are up sharply this morning and should now test resistance. The price action has been as scripted which means […]
Wednesday the pressure remained on gold, silver, and platinum. For now, the precious metals are ugly and appear to be headed to support levels. There may be many reasons to be bullish metals but price […]
Once again Tuesday gold, silver and platinum demonstrated that trouble lies ahead for the precious metals. They were trying to rally and failed miserably. The price action suggests that the metals are headed lower.
Market failures […]
Monday saw a hard sell in gold, silver and platinum which was expected. The extent of the sell off was big enough to produce a rally in the next day or two but the sellers […]
Gold and silver have just failed and key resistance levels, which took all momentum away from the metals. Based on the price action at the time, this is a colossal failure and could lead to […]
In the words of Dolly Parton “Here We Go Again.” Gold and silver can’t seem to gain traction. Just a couple of days ago they were on fire and looked ready to run. They had […]
Many times over the years, we have written about the frustrations of trading and we are experiencing the worst of it now. A couple of days ago, gold and silver looked ready to breakout to […]
