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 […]
Will 1800 Gold Hold?
Gold has broken through the 1800 level once again; will it hold and reverse to long? At this point there is no real answer except the trend is lower and until that changes it is […]
The Battle Continues for Gold 1800
The battle is on between the bulls and bears for the next big move in Gold, Silver and Platinum. The markets move just enough higher before sellers show up and force out the weak hands. […]
Gold Battleground 1800
It’s a new day but the same lousy action for Gold, Silver, and Platinum. The three are going nowhere; every rally is met with sellers and every sell off is met with buyers, hence they […]
News is Noise, Gold Sits at 1800
This was loaded with news events from OPEC agreeing to more production, but Crude spiked 1.50. ADP Jobs Number was a miss, equities stayed up, Gold and Silver stayed marginally higher. Basically, they are hovering […]
Gold above Key Resistance
Gold is breaking through the key resistance of 1800 as the churn continues. The 1800 level has been like a magnet, when it’s below it comes back as it does when it is above. It […]
This Morning’s Rally in Gold Should Fail
This morning we are seeing Gold, Silver, and Platinum rallying. Gold is up about 6.00, Silver .20 and Platinum 7.00, but we expect these rallies to fail. Maybe not this morning or today, but over […]
Pressure on Gold Reverses Pattern
Now that the FED has spoken, all expectations for Gold to take off to the upside has ended. The sellers have taken control and overpowered the bulls. Blame it on the FED, but that doesn’t […]
Gold Struggles at 1840, Silver is on the Move
For the past few days, the equity markets have been getting hammered, the trend has reversed to lower. At the same time, Gold, Silver, and Platinum have had solid rallies. All three have made highs […]
Gold Tries to Breakthrough 1820, Rejected
Gold, Silver, and Platinum had nice rallies on Tuesday. However, the key level of 1820 February Gold was rejected. This morning Gold is trading around 1817, the possibility exists that it could breakout today or […]