Gold Sees a Short Covering Rally, Sell 1700
There is no surprise that gold has seen a small reversal this morning. After trading 1661 gold has rallied to 1689. We are sellers of this rally if it reaches 1700. The price action remains […]
Gold Getting Crushed, 1600 Here We Come
Through all the hate mail and the gold bugs telling me that gold was going much higher, we remain short and are on target for our next target of 1600. The price action doesn’t lie; […]
Gold and Silver, How Low Can They Go?
Although marginally higher this morning, gold, silver, and platinum are ugly. The big question: how low can they go? No one knows when the selling will stop however the price action is as bad as […]
Gold and Silver, the Beating Continues
Gold, silver, and platinum have fallen into a deep hole and show no signs over reversing. This has been one of the worst beatings for precious metals in a long time. Since the August 12th […]
No Reason Why Gold and Silver Should Rally
Although many believe that gold is a protective investment for their portfolio, they would be wrong. Gold, silver, and platinum look to be headed much lower. Last week’s rally attempt was put down; we expect […]
“Sell Wilson Sell,” Gold Heading South
If you remember the great movie Trading Places, one of the classic lines towards the end of the movie was “sell Wilson sell.” That would be the stance we would be taking on gold now: […]
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 […]