Gold and Silver: Breakout or Selling Opportunity?

Tuesday was an interesting day in the metals, both Gold and Silver were strong and may be breaking out of their downtrend. The only question: Is this a breakout or a selling opportunity? At this point there is no way to determine whether this move is real or false. Only the price action over the next couple of days will determine what’s next...

By | December, 4, 2019|Categories: Articles, Featured|Tags: , , , , , , , , |0 Comments

Gold and Silver Consolidating

Gold and Silver remain in a consolidation pattern and are attempting to breakout to the upside from here. The overall trend remains lower, indicating the metals have more room to go on the downside. This is the second time in the last few weeks that Gold and Silver are trying to breakout...

By | December, 3, 2019|Categories: Articles, Featured|Tags: , , , , , , , |0 Comments

Gold and Silver Can’t Find Buyers

Gold and Silver remain under pressure and are possibly breaking down through another key support level. 1460 February Gold and 1670 March Silver appears to be a key level. Both metals look in danger of falling below those levels which will bring new sellers to the party once again...

By | November, 26, 2019|Categories: Articles, Featured|Tags: , , , , , , , |0 Comments

Selling Naked Options Can Be Painful

If you have been in the markets as long as I have, you know a couple of things. First, the unlikely occurs almost every day and second, the impossible happens at least once a month. The markets are a probability model. Forget earnings and new products. The option chain tells us all we need to know about the chances of an event occurring...

By | November, 25, 2019|Categories: Articles, Featured|Tags: , , , , , , , , |0 Comments