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Gold fell to a 7 month low and silver to a 14 month low today with their scores going from -60 to -90 respectively. Silver broke its 2013 intraday low but managed to close above it. The yellow metal hit a low of $1,233 before closing up $5 off the low, but still above its 2013 low in the $1,190’s. I …

Gold took a little more of a hit today hitting a fresh 3 month low, but after hours is up $5. Silver closed at $18.95, and is up a bit in after hours trading now as well. Both gold and silver are still in a a weak downtrend but have not broke last years lows. The dollar got stronger again …

Yesterday I said that we may get a move higher sometime this week. We had an intraday reversal for both gold and silver after a move by market makers to try and scare out weak hands. But we did not break the lows of last year. I wrote this in the Current Thoughts section yesterday. We must keep in mind …

Gold and silver continued their downtrend today with gold falling about $13 an ounce and silver 18 cents. Like a magnet, the double bottom for gold last year is a price that is drawing ever so closer. At some point I do still believe we will break those lows as market makers try and scare the last weak hands out …

Gold and silver managed to rebound a little today as the unemployment report came in weaker than expected. Looking at the one day chart you can see this is all that moved the metals as indicated by the red arrow in the chart below. The dollar also fell by 7 cents after a huge day up yesterday. The score went …

Gold and silver moved down another notch with a score that went from -60 to – 70, still in a weak downtrend. The mining stocks, represented by Market Vectors Gold Miners ETF, symbol GDX took it on the chin today losing 3.5% and the triple leveraged miners NUGT and JNUG lost 10.42% and 14.78% respectively. If mining stocks lead gold, …

Nothing really changed with the outlook for gold and silver as they as both moved from a -70 to a -60, still maintaining the weak downtrend. Tomorrow morning may be telling if we bounce higher from here or continue the downward momentum. If one thinks about it, silver is less than $1 from it’s 2013 double bottom prices. It wouldn’t …