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 […]
Gold Targets 1820
We are seeing a solid rally in Gold, Silver, and Platinum this morning. Are the patterns reversing? We remain short across the board but can see a path to a reversal. A close above 1820 […]
Gold Starts the Year Under Pressure
Monday was the first trading day of the year – Gold, Silver, and Platinum got hammered. The selling started early and never relented. The pressure on Gold was enough to reverse our trading position back […]
New Year, Same Price Action for Gold
The new trading year begins today, obviously it is too early to make a call on Gold, Silver and Platinum. However, as the new year begins, we are long Gold and Silver; we would be […]
Can Gold Hold the New Uptrend?
Although Gold is getting hammered this morning, based on yesterday’s close the trend has reversed to up. We will look at this as an opportunity to buy at better prices but buying we are doing. […]
Gold Continues to Fight for 1800
Gold is once again trying take takeout 1800 February futures. For now, we will assume that it will fail. 1800 has acted like a magnet for the past few weeks; when it gets above it […]
Has Gold Found a Bottom?
The Gold Bugs want to know if the bottoms are in; of course they never think the yellow metal goes down. The answer is not an easy one, based on the chart and price action […]
The Moment of Truth for Gold and Silver
After reaching lows on Wednesday morning before the FED announcement, Gold, Silver and Platinum have rallied hard and appear ready to reverse direction. Today’s action is the key; a higher close will probably trigger a […]
Gold and Silver Headed South
Like the birds that heads south for the winter at the moment it appears Gold, Silver and Platinum are going to join them. The facts are simple, every rally attempt has failed. The metals are […]