Sep
10
2014

Gold and Silver Outlook 9-10-2014

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 …

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Sep
9
2014

Gold and Silver Outlook 9-9-2014

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 …

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Sep
8
2014

Gold and Silver Outlook 9-8-2014

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 …

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Sep
5
2014

Gold and Silver Outlook 9-5-2014

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 …

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Sep
4
2014

Gold and Silver Outlook 9-4-2014

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, …

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Sep
3
2014

Gold and Silver Outlook 9-3-2014

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 …

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Sep
2
2014

Gold and Silver Outlook 9-2-2014

Gold and Silver Outlook 9-2-2014 Both gold and silver turned from sidelines mode to very weak downtrend with the move down in price today. However, gold did not breach its August 21st low. Both gold and silver are still below their 20 day moving average. The beginning of September has traditionally been a bullish period for the precious metals.  Europe …

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