News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
Russia Envisions "Final Destruction of Russian-Norwegian Relations" over Arctic
Russia Envisions "Final Destruction of Russian-Norwegian Relations" over Arctic
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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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*** GOLD MARKET WIRE ***
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Gold Market Wire

News, analysis and commentary for gold traders and investors

Gold Market Update

Gold Support Gives Way

April 25, 2022 - (Gold Market Wire) - Just when it looked like the collapse of the world would lead to higher Gold prices, the Precious Metals get right up to their tricks again - and sell off sharply.

support is gone.

While downdrafts in oil and wheat can be considered buying opportunities, we are getting fed up with Gold. We are closing the position, in total, and waiting for the air to clear. It looks like we are headed back to $1850 and likely lower, and there is little to be gained by nursing the position. The next plan will be simply to buy small at $1800, but, aside from those proverbial coins in the pocket - we are out of the market. This is no longer worth our time.

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