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Gold Market Update
... and the US Holiday and Weekend won't help.
...time to cut some length.
... a breakdown seems unlikely.
...aka 'forest from the trees'
...patience has been paid.
...as the US Dollar turns to head higher.
"...thou shall not chase strength in Gold"
...on this momentous day.
...even on the day of a fool - a bull remains a bull.
couldn't be clearer
... as the month draws to close.
...as we hit the top of the channel.
Bulls have a reason to be concerned.
... the power uptrend is intact.
...as we pull back.
...as we mark out the channel
...but uncertainty still prevails.
...as weekly and daily charts confirm.
...as Trump's inauguration approaches.
... the market continues to be uninteresting.
...as Gold continues to sleep.
...the power uptrend has gone. $2800 seems a long way away.
...is the top in?
...another day - another Gap higher
... as Silver prepares to take on $32.20 - again.
...horizontal resistance has been cleared
markets unwind...as Q3 comes to an end
...better late than never
.... while we wait for the Fed.
war and politics combine for a perfect storm.
momentum is fading.
...Gold Shows Strength, While Silver Lags
...which is why we hug the sidelines
...and silver starts to move.
...Silver refuses to confirm.
... as Silver flirts with potential sell-off.
...as the global markets reel.
...sometimes it depends on where you're standing.
as always....those who chased strength are in trouble.
...Silver is pulling back.
...the market takes out insurance for the long weekend.
...it's the bounce that counts.
....bouncing off the first retracement.
...after the sell-off.
...and why we have further to run.
...there are no free rides, even on the bull.
...finally. on the back of Silver
....becalmed is the only word.
...finally, the pullback.
...the big picture; and our place in it.
....finally, we are backing and filling
...trying to break the ever-narrowing gap.
...as the US Dollar stays firm.
...explosive volatility on the Metals roller coaster.
...after the run-up.
...the channel top approaches
...as the US Dollar surges.
...we are settling into a totally new environment.
...a very mixed picture.
...slowly, we retrace.
...that is the question.
...our course of action.
...as the horizontal resistance falls.
... it worked...now what?
...as we touch down on the horizontal
...but show signs of life.
...but can it hold this time?
...as the US Dollar continues to firm.
...and starts to fail.
...US Dollar strength overpowers Gold
...war escalates in the mid-east
...as indecision reigns.
both Silver and Gold are barely holding on.
US Dollar roars back to life.
... as the market turns back up.
...and does the dead cat bounce
...as our trend line gives up the game.
...Gold needs to get a move on.
...as the retracement takes hold
as we hit the end of the Month.
...as the market powers higher.
...and brings a light to Gold
...the marker is clear.
...our trend line continues to set the tempo
...after the surge.
....now for the important part
...as we head to the weekend
a pullback in line with expectations
...silver looks like its completed the retracement.
...slingshot confirmed.
...we're poised to test all-time highs
... will the rally resume?
... the market looks like it wants to retrace.
... because nothing moves in a straight line
The contrarian purchase has worked out well.
...but the US Dollar continues to charge
...as we break out the contrarian life-raft.
... apparently the US Dollar is not "finished"
...as the week starts.
end of a dull fortnight?