Big Day for Gold and Silver
Tuesday the markets greeted the 40-year high CPI number with a big rally early followed by a hard sell off. Gold and silver charged higher closing above the key resistance in gold and slightly below […]
Tuesday the markets greeted the 40-year high CPI number with a big rally early followed by a hard sell off. Gold and silver charged higher closing above the key resistance in gold and slightly below […]
Gold and silver are running higher this morning and appear headed to test the top end of the range. For weeks Gold has traded between 1900-1960 and Silver 24-26; today Gold is at the top […]
Gold and Silver continue to pretend they are yo-yo’s as they go up and down but never leave the range they are in. We know eventually the string will break, the metals will breakout with […]
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 […]
Like magic, gold and silver have pulled back to their key support levels of 1900 and 24.5. They are once again at the moment of truth leaving two options: breakdown or rally again. The trend […]
The past few days gold and silver have attempted to breakout to the upside but have failed. The next logical step is a return to support, 1900 gold and 25.5 silver. The pattern suggests a […]
Markets remain quiet and dull while the trading ranges tighten. The tighter the ranges become the bigger the next move will be. Along with Gold and Silver, equities narrow as well. The lack of volume […]
As expected, Gold, Silver and Platinum continue to churn around the mean. We remain short Gold and Silver which should pull back to at least the key pivots of 1900 Gold and 23.50 Silver. They […]
The FED has spoken. They didn’t say much but it was enough to create a sell off in Gold. This morning Gold is seeing a sharp rally from a major support level. That does not […]
You can’t always get what you want, the classic by the Rolling Stones, is playing right in front of us. We were long Gold, Silver, and Platinum and today we are short Gold and Platinum […]