Looks Like a Rough Period for Gold and Silver
Gold and Silver look like they are headed for a rough period. Looking back, they were down for the 2nd week in a row. Neither has seen a positive week in the last nine. We […]
Gold, Silver, and Platinum Heading to Support
Wednesday the pressure remained on gold, silver, and platinum. For now, the precious metals are ugly and appear to be headed to support levels. There may be many reasons to be bullish metals but price […]
Gold Rush Over for Now
Gold and silver have just failed and key resistance levels, which took all momentum away from the metals. Based on the price action at the time, this is a colossal failure and could lead to […]
The Frustrations of Trading Gold and Silver
Many times over the years, we have written about the frustrations of trading and we are experiencing the worst of it now. A couple of days ago, gold and silver looked ready to breakout to […]
Gold and Silver Fail at Resistance – That’s Bullish
Monday, we wrote that the key levels to watch for Gold and Silver were 2000 and 26.5. Both failed miserably at those levels and sold off. The selling continues this morning as the head towards […]
Gold Headed for a Test of 2000
Last week Gold and Silver broke out above resistance and reversed to an uptrend. Both should test upper end resistance as they tested support on the way down. We are long but expect some selling […]
Gold and Silver Struggle to Move
For the past few weeks Gold and Silver have struggled to move in either direction. In other words, they are buried deep in consolidation. This pattern is the most frustrating for traders, congestion is also […]
Gold and Silver Flat-lining
Gold and silver have been moving sideways for weeks. If you put them on a heart monitor, they would be declared dead. We know from experience a much bigger mover is coming, but we don’t […]
April Fools, What’s Next for Gold and Silver
For the past three weeks gold and silver have been stuck in a tight trading range indicating a much bigger move is coming. The pattern we are watching is known as consolidation which is simply […]
Gold and Silver Fail at Resistance
Gold and Silver had sharp rallies on Thursday but in typical market fashion both failed to close above resistance. The failure was expected, and another test of those levels are expected. However, the trends will […]