Monday, we wrote that the key levels to watch for Gold and Silver were 2000 and 26.5. Both failed miserably at those levels and sold off. The selling continues this morning as the head towards […]
Last week Gold and Silver broke out above resistance and reversed to an uptrend. Both should test upper end resistance as they tested support on the way down. We are long but expect some selling […]
Gold and Silver have finally broken above resistance and are now in an uptrend – can it continue? That is always the key question when trend trading – will the metals follow through? Will they […]
Tuesday the markets greeted the 40-year high CPI number with a big rally early followed by a hard sell off. Gold and silver charged higher closing above the key resistance in gold and slightly below […]
Monday saw a nice rally in gold and silver; they appeared to be breaking out and reversing the trend. However, the rally failed and metals closed below resistance. There are many reasons to believe the […]
Gold and silver are running higher this morning and appear headed to test the top end of the range. For weeks Gold has traded between 1900-1960 and Silver 24-26; today Gold is at the top […]
It’s the second weekend in April which means the Masters Golf Tournament is on. Based on the recent price action in Gold, Silver, and Platinum, should we be watching the markets or the Masters?
For the […]
Gold and Silver continue to pretend they are yo-yo’s as they go up and down but never leave the range they are in. We know eventually the string will break, the metals will breakout with […]
For the past few weeks Gold and Silver have struggled to move in either direction. In other words, they are buried deep in consolidation. This pattern is the most frustrating for traders, congestion is also […]
As we remain short Gold and Silver it appears the miners may be sending a message that there is strength in these precious metals. For weeks, gold and silver have been in a downtrend, trading […]
