News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
Silver Rips 3% Higher on the Day as Precious Metals Move up Strongly
Silver Rips 3% Higher on the Day as Precious Metals Move up Strongly
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GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
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US Bans American Banks from Purchasing Russian Sovereign Debt
US Bans American Banks from Purchasing Russian Sovereign Debt
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*** GOLD MARKET WIRE ***
*** GOLD MARKET WIRE ***
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Gold Market Wire

News, analysis and commentary for gold traders and investors

Gold Market Update

Closing Out Our Short

April 1, 2020 - (Gold Market Wire) - a small inside rally is potentially building, and although technically the market closed weak, we now close out the short for a decent profit. Time to reassess the market.

profit taking time

Perhaps not a homerun, but no one ever went broke taking a profit. Certainly a weak close yesterday, but a chance to reassess and maybe short again when the market settles down a bit. Eventually the market will have to resolve itself, as the chart below shows the opposing forces.

Long term Gold is strong. But the time for a move to silver, we feel, is coming. Not just because the diff/ratio is so wide now - although that's a good reason... but because Silver always lags the Gold bull, and might be setting up for a run.

We will advise.

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