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“Turn out the lights, the party’s over” used to be a song sung by Don Meredith during Monday Night Football games back in the day when a team was appeared like it was going to lose the game. Some may think the lights are being dimmed and the party’s over for gold and silver after the beat down they have …

Gold fell today after an early session higher but has not fallen below the closing low of $1,213.50 set a week ago. It still seems to me that it wants to break that 2013 low in the $1,190’s. We simply aren’t that far away from it and if we do break it, it could set up for a further decline …

Gold prices fell again today on a stronger than expected GDP report and continued strength in the dollar. Silver managed to eek out a little bit of a gain. Mining stocks continued to take it on the chin. Gold and Silver Recap and Outlook    Gold has fallen 8.1% this quarter but is up 1.1% for the year still. Silver is …

Gold fell to an 8 month low today but rebounded mid-day. The scores for gold and silver stayed at -100. Was this the Bottom for Gold? Was this a turn up in gold from oversold conditions? Sure. One day does not a trend make, so we need to realize that upturns always come and we were due for a move …

The correlation of the dollar moving higher and precious metals lower continued today as the dollar index breached 85 for the first time, a 4 year high. While this is only one of the indicators I follow in speculating what gold and silver might do next, it is one I give more emphasis to. US Economic Data Good New home …

Gold and silver bounced today off their most recent lows with both scores moving from -100 to -90. Yesterday I said; “Mining stocks look like a double bottom and it wouldn’t surprise me to see a bounce coming” and today we saw GDX move up 1.62% and JNUG up 7.67%. I again only view these types of trades as short term …