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 […]
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 […]