Gold and Silver Higher, Sell the Rally
Gold and Silver are seeing a solid rally this morning pushing up to our resistance levels. Until proven otherwise, we are sellers at resistance with the trend still lower. Based on the trend and recent […]
Gold, Silver and Platinum Continue Consolidation
Many times, we have written about the phases of the markets and the most challenging pattern, consolidation. Known as the pattern that haunts traders because of its indecision. Consolidation is known as the greatest time […]
New Day, Same Lousy Trade for Gold and Silver
Traders like to see action in markets knowing the more they move the bigger the opportunity. The trade in Gold and Silver has been dead with virtually nothing to do. This type of action haunts […]
Gold and Silver Dealing with Ignorance
Gold and Silver continue to be under pressure, as much as the bulls deny the facts the trend is lower. For those who read me regularly you know I’m a believer in metals: Gold, Silver […]
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 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 […]
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 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 […]
Gold, Silver and Platinum Should Remain Quiet
Markets are as quiet as they get this time of year. There is very little information that will drive markets in either direction, hence the pattern we are stuck in now. Although we can identify […]