Gold Market Wire
News, analysis and commentary for gold traders and investors
Gold Market Update
Gold Channel Hits the Mark
May 13, 2025 - (Gold Market Wire) - Patience has paid off in waiting for the Gold shake-out, and we are ready for a first purchase. Those who have chased the strength may have already booked out, and now will likely watch the market rally - with them stopped out on the sidelines. The Gold crowd, seemingly, never learns.
First, the channel, which has given us the purchase point:

Nothing special, just a proper emotional stance, hewn from the Trading Master who warned us time and again to never chase strength in Gold. (Seriously...where do you think the Professionals get their money from? Ans: The Gold Crowd.) If nothing else, remember - every time you hear "$10,000 by the end of the year" - you know we are reaching a top and are ripe for a pullback. The other 'recicitive' is, "This is It!", which ensures you that it is not 'it', but that we should sell off promptly. Once again, it has worked like a dream.
Cutting in for a closer look:

We've sized the trade for a solid drawdown, in preparation for another purchase, if this one goes south. No heroics.
...exciting times in the metals. Platinum and Silver look ready to rock. Pros might want to think about financing Platinum and Silver with Gold sales. The ratio is likely to move back in.
Good Luck!