Gold and Silver Current Thoughts 4-23-2015

Current Thoughts On Gold And Silver

From the Trading Desk Yesterday, economic data showed that sales of existing US homes rose by the highest amount since 2013.  The figure came in at 5.19 million annualized for the month of March which beat the median forecast by economists of 5.04 million.  The Mortgage Bankers Association also reported a 2.3% increase in mortgage applications on the week after a decrease for the previous week. The positive US data sent gold immediately lower.  Stops were triggered around $1,192 and gold … [Read more...]

Gold and Silver Current Thoughts 4-22-2015

Current Thoughts On Gold And Silver

Gold didn't like the data on existing home sales surging to the highest since September 2013. Speaking of data, I see that if you go to this link on CNBC that they haven't written anything on the economy for the last 5 days until Steve Liesman video today showing how the 1st quarter GDP data the last 30 years is mostly always negative compared to the other quarters. http://www.cnbc.com/id/20910258 I suppose this is CNBC's way of saying the rest of the year will be great. But they … [Read more...]

Gold and Silver Current Thoughts 4-21-2015

Current Thoughts On Gold And Silver

Yesterday, despite the decline in gold prices, I said I was still leaning long. Today, gold gave us a little move higher, pushing once more above the $1,200 mark. Silver is struggling with $16 again and still acting a little weaker. I have to wonder a bit if the commodities bull is turning. I get mixed signals because I see gold mining stocks perking up, but energy plays kind of slacking now.  With the overall market down today, and not much data to go on, what direction will be take? I am … [Read more...]

Gold and Silver Current Thoughts 4-20-2015

Current Thoughts On Gold And Silver

The April trend of a troubled month for gold continued today as gold fell once again below $1,200 with a little stronger dollar. We did get a move up in mining stocks off the bottom today so they seem to possibly be leading gold right now. I still want to see gold over $1,200 to be more than just "leaning" long as I said I was yesterday. But I am still leaning long despite today's price action. A move under $1,190 again would have me possibly change my mind. Many of us are tired of this range … [Read more...]

Gold and Silver Current Thoughts 4-19-2015

Current Thoughts On Gold And Silver

Gold held its own on Friday and I am leaning long now since it has held up this long above $1,200. We are in dire need of a move higher or the bottom will fall out. Not much to really write about for the coming week so I want to go back and repeat what I wrote in a recent article where I said the following; "Since the gold bull market began in 2000, April has seen gold rise from March in just 5 out of the last 15 years. May has seen a rise in 8 out of 15 years." So far March hasn't … [Read more...]

Gold and Silver Current Thoughts 4-16-2015

Current Thoughts On Gold And Silver

Today we had a good mid-day reversal after triggering some longs in the morning with the bounce higher. Perhaps a good rule is to be patient for a breakout before going long. The dollar is a little weaker and perhaps we can get a little run and have a nice trade. The risk vs. reward for this run is there as long as we get gold to keep moving higher above $1,200 which it is in Asia as I type. We do get some inflation data tomorrow and that may trigger a move one way or another. Watch for this … [Read more...]

Free Sample of the ETF Research Trading Service I Am Offering

Today I am providing a free sample of the ETF Research Trading Service I am offering below. These are the exact pages of what was sent out yesterday, 4/14/2015 and for today 4/15/2015 to subscribers. I hope you find this to be something you can all benefit from. As many of you know who have been reading what I write for awhile, I'm not too bad with my observations on gold and silver and although I am challenged at times as to why I think the way I do, I think my advice has helped quite a few … [Read more...]

Gold and Silver Current Thoughts 4-15-2015

Current Thoughts On Gold And Silver

Today I am providing a free sample of the ETF Research Trading Service I am offering below. These are the exact pages of what was sent out yesterday, 4/14/2015 and for today 4/15/2015 to subscribers. I hope you find this to be something you can all benefit from. As many of you know who have been reading what I write for awhile, I'm not too bad with my observations on gold and silver and although I am challenged at times as to why I think the way I do, I think my advice has helped quite a few … [Read more...]

Gold and Silver Current Thoughts 4-14-2015

Current Thoughts On Gold And Silver

From the Trading Desk Gold kicked off the overnight session with a bearish tone. Worse than expected economic data out of China caused the Asian market to steadily offer gold down. Gold continued its descent lower into London trading hours and broke below support at $1,192. Stops were ultimately triggered in the low $1,190s and gold made it all the way down to $1,183.50 basis the active June contract. This was a previous area of support at the end of March so bids were waiting to scoop up gold … [Read more...]

Gold and Silver Current Thoughts 4-13-2015

Current Thoughts On Gold And Silver

Repeat after me; gold is trending. So is silver. Gold under $1,200 again and silver still under $17. There is not much one can like about it, but that's what it is doing at present. There will be a break down and perhaps it will come with the Dollar Index breaking 100 as it is close sitting at 99.47. I'm not sure how many of you read articles from others who write about gold telling you that the price is going to go lower. While many who sell gold can give you many reasons to own it, like I … [Read more...]