Gold and Silver Pass Tests, Rally Exploding
Gold, Silver, and Platinum have passed the test of levels to get through with flying colors and prices. They are now set to test the next resistance levels. The price action has been very strong, […]
Gold and Silver Rest, Before the Next Move Higher
Gold and Silver are on their way higher although they appear to be taking a rest today. Last nights State of the Union was a nonevent for metals except the agenda appears to be very […]
Gold and Silver Appear to be Ready to Rock
When markets opened Sunday night/Monday morning, it had all the appearances as a repeat of Thursday’s action. Equities were getting hammered and once again recovered, similar action in many other markets.
After peaking at about 8:45 […]
Gold Spikes Higher Monday, Now Lower
Although Monday was a holiday in the U.S. the markets were open electronically. Gold churned most of the day before a rally before the close. The reopen last night saw Gold spike to 1918, our […]
Gold, Silver and Platinum Stall but Strong
Gold, Silver and Platinum have had quite the move, all three pushed to new recent highs. Now they are stuck at resistance as they figure out if they will breakout or breakdown. That answer will […]
Gold Breaks 1900 and Sells Off
On Thursday we had a nice rally in Gold, Silver and Platinum which took Gold through 1900, Silver to 24 and Platinum to 1100. We could not have scripted a better move including the small […]
And They’re Off, Gold Trying to Break 1900
As Gold pushes higher it has stayed on script, trading as expected. Tuesday’s pull back was met with buyers and this morning Gold is trying to break through the key level of 1900. Whether or […]
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 […]
Just When You Thought it was Safe to be Long Gold
After Gold had been on a four-day winning streak, taking the yellow metal to the brink of a reversal to long, we saw failure. After Thursday’s CPI number, which was hot, Gold, Silver and Platinum […]
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 […]