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, Silver and Platinum Rally Should Fail
Gold, Silver and Platinum had nice rallies on Tuesday which was expected. We wrote about our expectations and we would be sellers. We added to our shorts in Gold and Silver, selling at resistance in […]
Gold Target Met, Next Stop 1700
Gold continues to trade according to plan and of course the trend which is down. Since the downtrend has begun, Gold has failed at every resistance level and make a lower low. Until there is […]
Gold’s Trend Lower, Silver and Platinum Higher
Another day comes off the calendar and the trends in metals remain the same, Gold down, Silver and Platinum up. Gold has resistance at 1820 which we are willing to sell. The bounce Gold has […]
Early Returns Reddit’s WSB fails at Squeezing Silver
Monday, we witnessed the fear, panic, and greed of traders with a dramatic spike in Silver. The initial rally was no surprise as the fear in traders and investors played out over the weekend getting […]
Did Gold Prove the Selling is Over?
While the Gold bulls continue to insist that the bottoms are in, the simple fact is they are not. Unfortunately, there are too many that get too emotional about their opinion versus the simple facts […]
Gold, Equities Struggle to Find a Direction
For weeks, the metals, equities, and other markets have created many challenges for traders. The trends have been established, however follow through has not been there. In other words, most markets are consolidating as they […]
What’s Next for Markets?
On Monday markets looked as though they were ready to collapse with no hope for a rally. However, out of nowhere came a massive rally in the NASDAQ reversing almost 300 points from the lows […]
Gold, Silver, and Platinum Headed South
Gold and silver continue to head south, and platinum has now joined the party. The failure to break out the last couple of days should turn out as added fuel to the downside of these […]
How Long Can These Patterns Last in Gold, Silver And Platinum?
The simple answer is no one knows. All markets go into different phases, the basic three are congestion, breakout and blowoff. The pattern that torments traders and investors alike is the congestion phase, also known […]