Expect a Natural Bounce in Gold, Silver, and Platinum
As we watch the price action in the precious metals there is no doubt that we will see a natural bounce from oversold conditions. The speed and angle in which gold and silver are falling […]
Down They Go, Silver, Gold, and Platinum
The selling intensifies in gold, silver, and platinum. From the August 12th highs to new recent lows. The selling should continue although a rally in the next day or two would be no surprise. Often […]
Gold is Falling and Can’t Get Up
The interesting thing about markets, just when you think you have figured them out, they do the opposite. Just six trading days ago the precious metals looked ready to run; we reversed our silver position […]
Gold Rush or Gold Crush
Just when it looked safe to get back in the gold waters, the sharks once again ripped the heart out of the gold bulls. Gold’s failure to break above resistance was a warning sign. Last […]
Gold at Resistance, Silver at Support
It’s amazing how similar or correlated products can really trade in opposite directions. Gold and silver are doing just that. Although, they look similar in the charts, silver is in an uptrend as gold remains […]
Silver Breaking Out to the Upside, Will Gold Follow?
Silver has reversed and broken out to the upside. After a week of consolidation, the buyers have showed up and pushed silver through the top. Gold has been in a similar pattern just a little […]
Job’s Friday, Gold and Silver Poised to Move
It’s that time of the month – today is jobs Friday. What does it mean and why is it so important to the precious metals? Other than in peoples minds, jobs Friday is a worthless […]
Gold and Silver: Rally, Real or Trap?
After the horrible trade the last couple of days, gold and silver are charging higher. The real question, is this another trap or is the rally real? Unfortunately, we don’t know the answer. This could […]
Gold and Silver Fail Miserably
For a few days it appeared that gold and silver had found a bottom. There was hope that the lows were in and a rally was coming. Once again, they failed to take out the […]
Thursday’s Reversal in Gold, Temporary
Thursday saw a dramatic reversal in gold and platinum with a marginal reversal in silver. As we look at the price action, we can conclude that they will continue to trend lower and rallies to […]