FOMC Pushes Gold and Silver to Resistance
Wednesday’s FOMC meeting and announcement came as expected. Equities and metals soared higher taking both to key resistance levels. This morning both are selling off and dip buyers will be ready to...
View ArticleGold and Silver Could get Ugly
Markets are always bringing new challenges or so it appears. The bottom line: the patterns continue to repeat from different levels. At the end of the day, all charts are the same, patterns repeat, and...
View ArticleGold and Silver Under Pressure
The pressure is on, gold and silver continue to fail at resistance levels. On Thursday gold and silver rallied, failed, and headed lower again this morning. The metals are on pace to test major support...
View ArticleGold and Silver Heading South
The key levels for gold and silver have failed. The failure through 1850 gold and 22 silver should bring the next level down in play. We remain short but know that 1800 gold and 2100 silver are the...
View ArticleGold and Silver Push Lower
After the early selling this week gold and silver attempted a rally on Thursday. They have failed to hold any bounce and they should be headed lower. 1700 gold and 18 silver are now in play; there...
View ArticleGold and Silver Breaking Down
After an attempt to rally on Friday the sellers have returned in force in gold, silver, and platinum. For many they will be calling manipulation, which is laughable, to complete a trade there must be a...
View ArticleThursday’s Reversal in Gold, Temporary
Thursday saw a dramatic reversal in gold and platinum with a marginal reversal in silver. As we look at the price action, we can conclude that they will continue to trend lower and rallies to...
View ArticleGold and Silver Fail Miserably
For a few days it appeared that gold and silver had found a bottom. There was hope that the lows were in and a rally was coming. Once again, they failed to take out the resistance levels and sold off...
View ArticleGold and Silver: Rally, Real or Trap?
After the horrible trade the last couple of days, gold and silver are charging higher. The real question, is this another trap or is the rally real? Unfortunately, we don’t know the answer. This could...
View Article“Sell Wilson Sell,” Gold Heading South
If you remember the great movie Trading Places, one of the classic lines towards the end of the movie was “sell Wilson sell.” That would be the stance we would be taking on gold now: sell. Every rally...
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