Gold Continues to Fight for 1800
Gold is once again trying take takeout 1800 February futures. For now, we will assume that it will fail. 1800 has acted like a magnet for the past few weeks; when it gets above it […]
Has Gold Found a Bottom?
The Gold Bugs want to know if the bottoms are in; of course they never think the yellow metal goes down. The answer is not an easy one, based on the chart and price action […]
The Moment of Truth for Gold and Silver
After reaching lows on Wednesday morning before the FED announcement, Gold, Silver and Platinum have rallied hard and appear ready to reverse direction. Today’s action is the key; a higher close will probably trigger a […]
Gold Reverses, Short Squeeze or Turnaround
Yesterday we wrote that Gold, Silver and Platinum were waiting on the FED and that they were pricing in big decision. Once again, the FED tries to cover the ignorance of their ways and took […]
FED Day, Anything Goes for Gold
Today the FOMC announces their decision on interest rates and tapering. There are many theories on what they may or may not do. We know the FED is clueless without common sense relying on 100-year-old […]
Gold and Silver Headed South
Like the birds that heads south for the winter at the moment it appears Gold, Silver and Platinum are going to join them. The facts are simple, every rally attempt has failed. The metals are […]
Higher Rates Coming, Could Push Gold Lower
With the FOMC meeting this week we should see an increase in interest rates which is the only way to slow inflation which is much higher than reported. When you exclude the two highest costs […]
Gold and Silver Setting Up to Go Lower
Gold and Silver can’t seem to gain any footing as they continue to struggle in the current consolidation pattern. The battle between the bulls and the bears at the 1760-1800 level in Gold and 2180-2240 […]
Gold and Silver Struggles Continue
The struggles for Gold and Silver continue with their inability to sustain any rally. None of this should be a surprise to anyone. We never know exactly when a market can turn but we can […]
Gold and Silver Bounce, Not Very Impressive
Friday’s jobs number was a disaster as was the drop in the employment number which indicates no job growth and many giving up and not looking. After the news hit Gold and Silver bounced while […]