Once again Tuesday gold, silver and platinum demonstrated that trouble lies ahead for the precious metals. They were trying to rally and failed miserably. The price action suggests that the metals are headed lower.
Market failures […]
Gold and silver have just failed and key resistance levels, which took all momentum away from the metals. Based on the price action at the time, this is a colossal failure and could lead to […]
In the words of Dolly Parton “Here We Go Again.” Gold and silver can’t seem to gain traction. Just a couple of days ago they were on fire and looked ready to run. They had […]
Many times over the years, we have written about the frustrations of trading and we are experiencing the worst of it now. A couple of days ago, gold and silver looked ready to breakout to […]
Monday, we wrote that the key levels to watch for Gold and Silver were 2000 and 26.5. Both failed miserably at those levels and sold off. The selling continues this morning as the head towards […]
Last week Gold and Silver broke out above resistance and reversed to an uptrend. Both should test upper end resistance as they tested support on the way down. We are long but expect some selling […]
Gold and Silver have finally broken above resistance and are now in an uptrend – can it continue? That is always the key question when trend trading – will the metals follow through? Will they […]
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 […]
