Gold has been under pressure since early January and is approaching the November lows. However, like all markets we don’t expect Gold to go straight down without attempts to reverse direction. This is usually profit […]
The metals continue to go in separate directions, Platinum and Silver higher, Gold breaking down. One might think this is an uncommon occurrence however it’s not. Asset classes often go in opposite directions different periods […]
Metals continue to trade in different directions with different patterns. Gold and Silver continue to struggle on what to do next. Gold is in a downtrend, just one week ago there was a panic sell […]
Gold is flat this morning and has been churning on both sides of unchanged since last night’s open. It appears that until proven otherwise, 1750 April Gold futures is our next target to the downside. […]
It is getting ugly for Gold, after failing at resistance it appears to be running to 1800 April futures. The 1800 level is the last major support level, if broken 1750 comes into play. There […]
As the year winds down Gold, Silver and Platinum remain in up trends but have found the torture of consolidation. For the last couple of weeks all attempts to breakout to the upside have failed, […]
Just as we reversed our Gold position it got clobbered on Wednesday. Gold at the lows was down almost 50.00 at one point, closing down about 33.00 for the day. Obviously, we are not thrilled […]
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, Silver and Platinum are all in similar patterns, all in a downtrend, all consolidating between two levels and all looking to breakdown. We have been short since mid-August and now look for the next […]
The selling continues in gold, silver, and platinum, as markets search for a bottom. There is never an absolute level to how low or how high a market can go; all we can do is […]
