Gold and Silver Can’t Find Traction
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 […]
Gold Headed for a Test of 2000
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 Should Rest and Consolidate
Gold, Silver and Platinum have had terrific up moves over the past couple of weeks. We have been long and participating with their trends being higher. The parabolic moves on Tuesday should lead to a […]
Gold and Silver Appear to be Ready to Rock
When markets opened Sunday night/Monday morning, it had all the appearances as a repeat of Thursday’s action. Equities were getting hammered and once again recovered, similar action in many other markets.
After peaking at about 8:45 […]
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 […]
For Gold and Silver, It’s About the Jobs Number
This week ends with the last big news announcement of the week – Non-Farm Jobs number. Gold and Silver should see some wild movement on the number at 8:30 EST. Whatever the initial reaction is […]
Gold and Silver in Never, Never Land
One thing we can take away from the recent trade in Gold, Silver, and Platinum – it sucks. The price action has been about as bad as it gets. The metals although in an uptrend […]
Gold and Silver Ready to Run
Monday was a solid day of gains for Gold, Silver and Platinum however none of them reached the key levels of resistance. The patterns are setting up nicely and we would consider step one completed.
For […]
Gold Uptrend, Silver Downtrend – Both Miserable
For our regular readers you know we trade with the trend of our proprietary algorithm but always accumulate physical, gold, silver, and platinum. The recent action in metals has been awful making the trading tough. […]
Gold and Silver Create a Challenge
As summer ends the challenge of trading markets has been as tough as it gets. Volume and market action have been nonexistent. From equities to bonds, crude to soft commodities there is little action. Gold, […]