News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
Gold Market Wire....News Analysis and Commentary for Gold Traders and Investors...Gold Market Wire
Gold Market Wire....News Analysis and Commentary for Gold Traders and Investors...Gold Market Wire
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US Month on Month Job Cuts by Employers Soar 54% in July
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CME Raises Silver Margins by 12.5%
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United States Imported a Record 126.6 tonnes of Gold from Switzerland in May
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First Half 2020 Gold ETF Inflows Hit Record of $40 Billion
First Half 2020 Gold ETF Inflows Hit Record of $40 Billion
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Fitch Ratings Calls 2020 "Record Year" for Sovereign Defaults
Fitch Ratings Calls 2020 "Record Year" for Sovereign Defaults
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Bank of Japan to Loan $1 Trillion into Economy
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Gold Market Wire

News, analysis and commentary for gold traders and investors

Gold Market Opening

Gold Fails to Recover

June 3, 2020 - (Gold Market Wire) - Gold hasn't recovered in the East, and the market has to get a move on quickly, or length should be either scaled back or cut. We haven't had a wash out yet. But the sidelines is looking more attractive by the hour. We can see the challenge right here.

not a pretty picture for the Bulls

Easing up is probably the right strategy here. If we get a decisive break, it will be time to hit the sidelines. We are still in profit from the breakout, but this morning's action is not encouraging.

Silver is no better.

hanging in there..but only just

Bottom Line for Silver: Either we reclaim the gap break out line of $17.91, or its time to close out

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