For days we have written about the consolidation pattern that gold was trading in and that if the metal could close above 1350, 1400 would be next. In less than 12 hours gold has closed above 1350 and overnight almost got to 1400...
Another attempt to breakout for gold, once again failure. The pattern looks solid, but gold can’t seem to close above the 1350 level. Although the metal looks like it wants to break to the upside there are some warning signs...
As the Gold churns is the soap opera we are watching today. With the FED announcement less than 24 hours away, Gold traders and investors are trying to position themselves for the what the clueless will say...
U.S. stocks fell broadly Tuesday as anxious investors shifted money into bonds, sending yields to their lowest level in nearly two years. Rising bond prices, which pull yields lower, are typically a sign that traders feel jittery about long-term growth prospects...
The world is a crazy place so nothing should take you by surprise, but this week probably has been nuttier than most. Before the Mueller report was released, I took a position that no matter what he found it would turn into another circus in Washington, and I was right...
The FED spoke and the metals got hammered. After being flat most of the day and then attempting to rally in front of the FED announcement, Gold and Silver got hammered...
Another day of churn for the metals as they trade at the lower end of the range trying to breakout one way or the other. As we have said many times, the pattern on congestion is the most challenging for traders because markets, like relationships, won’t commit to one side...
Gold goes up, gold goes down as it continues to test support and resistance. The pattern and footprint are clear, it appears that gold is consolidating between 1280 – 1290. Eventually it will break out of this range...
