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Gold Market Opening
...our 'cautious optimism' proves founded.
...as we approach the downtrend.
... as the bounce from $22 continues.
...and the Metals are no exception.
...the bullish signs continue to build.
....after all the drama...we're right back at $1800.
...Silver Falls $2.00/.oz in Flash Crash - before recovering
... a taste of things to come?
but the Metals are unaffected.
...as the grouping around $26.00 continues.
...as Silver develops Power Trend
as Silver clears horizontal resistance
after a month of meandering
...volatility crushed as market is becalmed.
...and why it pays never to anticipate the market.
... does the developing channel hint at a higher move?
...can't break out... won't sell-off.
...but still fighting its corner.
...we check the conditions.
....the profit takers are emerging
....as the rally develops
...as Gold indicates a potential Breakout.
a developing trend points the way to higher prices.
...as the market consolidates.
... a natural pause, creates a potential for length
...our target has been bettered.
...so far Gold and Silver are hanging tough.
...breakout followed by a gap.
...while we rest at horizontal resistance.
...as the tail-chasers emerge.
a less than impressive Friday close leave Metals under pressure
Silver Takes Out both Moving Averages.
... the market is poised to move higher.
...are we going to make it this time?
...until we negate the channel... we're going nowhere
...can the inside rally become bull market?
a possible reversal meets horizontal resistance.
Friday's Close Did Not Help
we have arrived at an interesting crossroads.
...a breakdown...or a set-up?
...a new uptrend develops, while fears of an equity pullback hamper higher prices.
....increasingly, that seems to be the case
...and a new strategic outlook.
...and we search for a near-term bottom.
... the Dollar bears are feeling the heat
...as the channel grips the Metal.
...but the Metals have been weakened significantly.
... and the Gold/Silver Ratio climbs.
... a profit taking opportunity?
...and what channel indicates for the Dollar
...as the Euro tries to hold on
...as Silver meets resistance line
... as Gold stabilizes
as the 'collapse' fails to materialize.
...and the Dollar rally consolidates
...as the market pauses
while Gold drifts lower.
...an inside rally develops.
...as Gold takes slight comfort.
as Gold makes a modest recovery
...as Gold Bulls get nervous
.reflects an indecisive market.
Dollar Rally No Impediment to Gold's Advance
...as the correlation trade wavers back and forth
Too Many Dollar Bears Spoil the Golden Soup
Trend Line and Horizontal Support are Holding
...poking its head above the channel marker
the downtrend has been cleared and the 100-day Moving Average Surpassed.
like being 'early'...close doesn't cut it in trading
... its relevance and recent performance
...and now the 50-day moving average is back in play
...we warned about the 'whipsaw'
up 4.5% in early trade.
after moving above the downtrend
another rally to the downtrend...
Agriculture Remains the Hot Commodity.
..the slingshot takes shape.
Gold retraces back down after Friday's advance fails to hold.
..the short covering went as planned
...because you will lose money.
...your ears and mind need to be open
Friday's close defended the horizontal support, but the downtrend persists.
...as we close the spec for small loss
...the passage of time is helping the chart position.
after a marginal close on Friday
...fends off the breakdown and mounts a spirited defense
Monday Morning Follow Through
puts in a strong Friday close.
and settles in to new level
as US electoral chaos sets in.
Volume Declines, Volatility Evaporates
...as the uptrend fails
Bulls grab encouragement from what looks like a breakout
...yesterday's warning was warrented
...after a strong Friday rally
horizontal resistance has been firmly cleared
... rally reverses...and starts to recover
yesterday's action was good news for the Bulls
...a news spike moves Gold to $1917 before retracing
...as the quarter begins