Gold and Silver Should Fail from Here
Gold and silver tried to take off Monday before failing about 1860 gold, 22 silver. We expect this pattern to continue based on the price action. There is nothing to get too excited about although […]
Gold and silver tried to take off Monday before failing about 1860 gold, 22 silver. We expect this pattern to continue based on the price action. There is nothing to get too excited about although […]
Gold and silver had a nice bounce from support on Wednesday and now are pushing resistance. What will happen from here? The highest probability is that resistance holds and Gold will be headed back to […]
Like reading a textbook the recent action in gold and silver has been according to script. The technical trade has been almost perfect. While those who cry manipulation or some other nonsense, gold reached support […]
Gold and silver are pushing up against resistance, gold at 1830 and silver at 22. The highest probability is a failure from these levels. In other words, this looks like a selling opportunity. There is […]
Gold and silver are now below some critical levels and are in the process of heading lower. This brings us to the question: are gold and silver breaking down? It is not that simple, but […]
Gold and Silver had another rough day on Tuesday; both attempted to rally only to fail once again. Gold and Silver closed below key technical support and both have rallied back to those levels this […]
Markets are always bringing new challenges or so it appears. The bottom line: the patterns continue to repeat from different levels. At the end of the day, all charts are the same, patterns repeat, and […]
Here we go again, another major announcement that can have a dramatic effect on precious metals. Today we have the monthly jobs report which is a suspect number but can drive markets. Gold and Silver’s […]
Wednesday’s FOMC meeting and announcement came as expected. Equities and metals soared higher taking both to key resistance levels. This morning both are selling off and dip buyers will be ready to charge in chasing […]
Monday was an ugly day for gold and silver. Both were sold relentlessly taking gold down 50.00 to the 1850 area and silver was worse down to 22.13. This was not unexpected and there is […]