If Gold is a Hedge, Why is it Under Pressure?
First, lets be clear about one thing. I’m a big fan of owning physical metals which I will never sell. Second, I will trade the paper gold long or short depending on the trend. However, […]
Gold, Silver and Platinum Have Work To Do Lower
As we approach the end of the year, Gold, Silver, and Platinum have work to do on the downside. The dramatic drop last Friday, Monday and Tuesday did a lot of technical damage to the […]
Look for an Oversold Bounce in Gold and Silver
Gold, Silver and Platinum have been under heavy pressure destroying every support level on the way. From a purely technical view of the charts, they have all broken down which brings much lower prices into […]
Chair Powell Reappointed, Gold Takes a Dive
On Monday President Biden reappointed Fed Chair Powell, sent Gold into a nosedive and reversing our long trading position to short today. The selling was sharp, fast, and constant. Silver and Platinum were weak as […]
Gold, Silver Frustrations Mount
Once again Gold, Silver and Platinum appear to be under pressure. The trend remains up, but the trading action has been miserable. This is always the type of action that creates traders to do the […]
Gold, Silver Trading Doesn’t Get Much Worse
One thing we know for an absolute certainty, trading is hard. From our opinions that control our trades to lousy trading conditions and our emotions, we have challenges everywhere. These are the facts traders battle […]
Gold, Silver and Platinum Pause Before Next Move
Monday saw a quiet day in metals. Gold, Silver and Platinum were on both sides of unchanged, hugging near unchanged. We saw light volume with little movement which is only a sign that Gold, Silver […]
Gold, Silver Take Out Key Resistance
And they are off – Gold and Silver have broken through the key resistance levels and could run a long way. Platinum looks prepped to do so today. Today is Veterans Day, which could slow […]
Gold, Silver and Platinum Ready for Blastoff
Gold, Silver and Platinum appear to be on the launching pad ready to blastoff to the upside. All three are pushing through their resistance levels, making a run to the upside a high probability. The […]
Gold and Silver Running Higher
Yesterday we mentioned and explained buying the dip when markets are in uptrends and selling rallies when in a downtrend. The support level we were looking for was 1760 December Gold, the low was 1760.3. […]