Gold Bulls Get All Clear
After being short Gold for 3 months the buyers have reappeared. On Thursday Gold finally broke and closed above the key level of 1750 based on June futures. This has triggered a buy signal and […]
Good News for Gold Fails to Break Out
On Tuesday there was economic news on inflation, which at the time caused a sharp rally in Gold, Silver and Platinum. However, by the end of the day all three were higher but failed to […]
Gold and Silver Lower Again
Although this is being written very early in the morning Gold, Silver, and Platinum are lower once again this morning. It now appears they are going to test the recent lows, the failure to breakout […]
Microsoft Makes $16 Billion Purchase
Microsoft said on Monday that it would buy Nuance Communications, a provider of artificial-intelligence and speech-recognition software, for about $16 billion, as it pushes to expand its health care technology services.
In acquiring Nuance, whose products […]
Gold and Silver Fail to Take out Resistance
Over the past few days, we had concerns that Gold and Silver were getting close to reversing. However, it is apparent that they both failed at the key level to reverse and now look headed […]
Gold and Silver Stay Short
For the past few days, we have been watching Gold and Silver expecting a possible trend change with a reversal to the long side of the markets. Thursday’s rally was not quite enough, although it […]
Gold and Silver Waiting for the Launch Codes
Gold and Silver continue to churn in a range. The tighter the pattern trades the bigger the move that is expected. Although we are short and will stay there until the algorithms tell us differently, […]
Decision Time for Gold and Silver
Here we are once again at a decision point for Gold, Silver and Platinum. The price action suggests a big move is coming, the direction is the only question. The pattern of consolidation will lead […]
Did Last Week’s Action Change the Trend in Gold?
Many Gold bugs continue to try and call the bottom for the yellow metal. Last week’s action was just what the doctor ordered for Gold – or was it? Obviously, there is no simple answer, […]
Are the Bottoms in for Gold?
Are the Bottoms in for Gold?
The simple answer is: we don’t know. However, based on price action Gold has a lot more room on the downside. Dead cat bounces happen in all markets all the […]