Gold Sees a Short Covering Rally, Sell 1700
There is no surprise that gold has seen a small reversal this morning. After trading 1661 gold has rallied to 1689. We are sellers of this rally if it reaches 1700. The price action remains […]
Gold and Silver, How Low Can They Go?
Although marginally higher this morning, gold, silver, and platinum are ugly. The big question: how low can they go? No one knows when the selling will stop however the price action is as bad as […]
Gold and Silver, the Beating Continues
Gold, silver, and platinum have fallen into a deep hole and show no signs over reversing. This has been one of the worst beatings for precious metals in a long time. Since the August 12th […]
No Reason Why Gold and Silver Should Rally
Although many believe that gold is a protective investment for their portfolio, they would be wrong. Gold, silver, and platinum look to be headed much lower. Last week’s rally attempt was put down; we expect […]
Down They Go, Silver, Gold, and Platinum
The selling intensifies in gold, silver, and platinum. From the August 12th highs to new recent lows. The selling should continue although a rally in the next day or two would be no surprise. Often […]
Gold is Falling and Can’t Get Up
The interesting thing about markets, just when you think you have figured them out, they do the opposite. Just six trading days ago the precious metals looked ready to run; we reversed our silver position […]
Gold Rush or Gold Crush
Just when it looked safe to get back in the gold waters, the sharks once again ripped the heart out of the gold bulls. Gold’s failure to break above resistance was a warning sign. Last […]
Gold at Resistance, Silver at Support
It’s amazing how similar or correlated products can really trade in opposite directions. Gold and silver are doing just that. Although, they look similar in the charts, silver is in an uptrend as gold remains […]
Silver Breaking Out to the Upside, Will Gold Follow?
Silver has reversed and broken out to the upside. After a week of consolidation, the buyers have showed up and pushed silver through the top. Gold has been in a similar pattern just a little […]
Gold and Silver: Rally, Real or Trap?
After the horrible trade the last couple of days, gold and silver are charging higher. The real question, is this another trap or is the rally real? Unfortunately, we don’t know the answer. This could […]