Gold and Silver Under Pressure
Thursday’s rally in Gold and Silver is being met with sellers this morning. The precious metals should come under pressure with a strong downtrend. As markets churn waiting for the next big move there are […]
Gold’s Great Week Turns Ugly
Last week Gold, Silver and Platinum were rolling along without a care in the world. Gold was in the middle of making a move through 2000, suddenly the buyers were gone and panic set in. […]
As Expected, Gold has Some Mean Reversion
Tuesday’s Gold trade played out to script; the metals were under some pressure. The initial speed of the rally was too parabolic which cannot continue, there must be mean reversion. Tuesday traded as expected, but […]
Fear Continues to be Driving Gold
Once again Monday Gold pushed higher on the fears of the possibility of Russia invading Ukraine. We put the probabilities of that happening less than 10%. The fears are being stoked by the administration trying […]
Gold is Close to Reversing, Still Short
Gold had a nice continuation rally on Monday and is very close to reversing to the long side. However, we remain short, cautiously. It feels like we will be reversing soon, the pattern looks good […]
The Battle Continues for Gold 1800
The battle is on between the bulls and bears for the next big move in Gold, Silver and Platinum. The markets move just enough higher before sellers show up and force out the weak hands. […]
Pressure on Gold Reverses Pattern
Now that the FED has spoken, all expectations for Gold to take off to the upside has ended. The sellers have taken control and overpowered the bulls. Blame it on the FED, but that doesn’t […]
Gold Under Pressure in Front of the FED Meeting
On Tuesday Gold continued pushing through the 1840 level, trading as high as 1854. Support for Gold becomes 1940, which is a level to add on to long positions. This mornings sell off is natural […]
Gold Struggles at 1840, Silver is on the Move
For the past few days, the equity markets have been getting hammered, the trend has reversed to lower. At the same time, Gold, Silver, and Platinum have had solid rallies. All three have made highs […]
Sound Familiar, Gold Fights for 1800
Here we are once again with Gold fighting at the pivot point of 1800. This battle has gone on for months indicating months of congestion. This time around, the trend is lower meaning that 1800 […]