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I wrote an intraday report today with gold at $1,215. Gold finished up $6 higher from that intraday report where I said “This could be the catalyst for a move higher for the metals, but by no means the end of the current downtrend.” Below you can see where gold closed and its jump up after the Fed minutes came …

In yesterday’s Current Thoughts I noted that because of increased sales we “may mean a continued move up tomorrow and the possibility of some short covering if indeed we do get a move higher.” We did get a small move higher today in gold and silver hit $17.60 but fell from there. What was interesting is the mining stocks did …

One of my indicators I wrote about a few weeks back tells me whether we are about to turn a corner on metals. On Friday, because of this indicator, I wrote the following as a reason why gold might bounce up a bit. I expect some continued selling in Asia come Sunday afternoon as stops are hit with the break …

Gold fans I know don’t like it, but the yellow metal finally hit the target I was expecting it to take out breaking the $1,200 round number resistance and at the same time the 2013 closing low of $1,192 (according to Kitco historical prices). Gold closed at $1,191.70. These lows have not been seen since February of 2010. Silver took …