Gold and silver did see some more selling today as we march towards the potential of lower lows into next year. If you think about it, we are only $184 from hitting the $1,000 mark. Do you think, that with a stock market breaking to new highs and market makers knowing they would like to break the back of gold …
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28
2014
Recently I was quoted in an article on Bloomberg News. It was a quote from 2012 when I wrote an article about the election in 2012 and Glenn Beck recommending a terrible gold company to buy gold from. It is a title of an article I will mock in the future as a sign of the bottom for gold and …
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23
2014
Gold and Silver Gold fell 0.2% today and silver rose 0.5%. Gold for the year is down 2% and silver down 19%. Next year we will finally be off to the races, but only after we hit some lower lows from my perspective. JNUG started the day nicely up after the 1:10 reverse split but JDST took over later in …
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22
2014
Metals and Miners Today started out flat for gold and silver but as the day moved on the price of the metals and miners fell. While gold is still above resistance, a break below $1141.70 and things will get ugly. Yesterday I said; “I simply say as long as we stay below $1,200, look for the $1,141.70 mark to be taken out.” …
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21
2014
Metals Gold just couldn’t get past the $1,200 mark and stay there Friday. Silver also struggling with the $16 mark but is presently 8 cents above it. I don’t expect too much action in gold and silver this week. Tough to trade this kind of market which makes me look elsewhere. The daily’s on the miners did turn green but …
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18
2014
What a day for the DOW. I mentioned the last couple days that I was bullish on stock until Christmas. Today we saw a 421 point gain for the DOW after a 288 point rise yesterday. TNA gained another $3.26 a share to close at $78.08. $79 may represent some short term resistance but beyond that and we may just …
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17
2014
The Federal Reserve announcement on monetary policy came out today and I have said several times in my writings, the Fed can’t raise interest rates. CNBC has said for the last 6 months that the Fed would be raising interest rates because of a strong economy. My last article on the blog showed all is not what it seems. See The …
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16
2014
I have told you in both the last two Current Thoughts that the week of the Fed meeting would give us the potential of a whipsaw and prices and the market makers didn’t disappoint. This was a hard week to trade so far and if anyone just stuck with the green triangles of JDST, they would be doing ok. JNUG …
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15
2014
In yesterday’s current thoughts I said to expect some volatility during this Fed meeting week and today we got the first swing for gold and silver and it was down. Both the metals broke their $1200 and $17 resistance and they took the mining stocks with it as the dollar saw yet another rally. The scores for GLD and SLV fell …
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14
2014
Gold and silver were a little weak on Friday but both are still above the $1200 and $17 marks. The miners lost some and JNUG came close to breaking to the 52 week low hitting 2.60 before closing at 2.66. I like it at this price or lower for a trade as long as gold and silver maintain some strength …
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