Where are the Gold Bugs?
Gold and Silver took it on the chin Thursday which brings the question, where are all the gold bugs? Where are the geniuses calling for 5000 gold? It’s amazing how they disappear when the heat […]
Gold and Silver on Fast Track to Nowhere
Gold and Silver continue to see slow directionless trade. The bulls will talk about the gold rally the last couple of days and the bears will talk about the inability to breakout of this range. […]
That’s Not Right, Gold Lower, Silver Flat
Monday the equity markets and most of the soft commodities got hammered triggering sell signals in some of the equity markets. This morning markets are up big which is a sell signal. Down trending markets […]
Gold and Silver Trade Like all Markets
Too many people get involved with markets on a tick-by-tick basis. Watching markets minute to minute, tick by tick is the number one reason for failure among traders. I get too many emails telling me […]
Gold and Silver Going Lower
Gold and Silver are following the children’s book, “The Wheels on the Bus” go round and round, which describes the current pattern in markets. For months we have been trying to write about these markets […]
Gold, Silver and Platinum Headed Lower
The metals remain about as ugly as it gets, the patterns are weak and there is no volume. This morning we have reversed Gold to the short side joining Silver, that we trade, and Platinum, […]
Gold Uptrend, Silver Downtrend – Both Miserable
For our regular readers you know we trade with the trend of our proprietary algorithm but always accumulate physical, gold, silver, and platinum. The recent action in metals has been awful making the trading tough. […]
Churning: Gold, Silver, Platinum, Rotate Around the Mean
Talk about a tough market to trade, Gold, Silver, and Platinum continue to rotate around the mean. This consolidation is the toughest to trade and doesn’t appear to be changing anytime soon. This pattern suggests […]
Gold, Silver and Platinum Quiet after Friday’s Rally
Friday saw a weak jobs number which we expected. The weak numbers propelled Gold, Silver and Platinum much higher on Friday. As of this writing the metals are mixed with Gold slightly lower, Platinum flat […]
Gold, Silver and Platinum Await Friday’s Jobs Number
As the summer winds down and we approach the Labor Day Holiday Gold, Silver and Platinum are very quiet. This is the standard for late August early September trade. The only news item that can […]