News, analysis and commentary for gold traders and investors

The Higher the Debt Goes - The Higher Gold Goes.

Jim Sinclair 2007
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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Silver Explodes Higher - Up 3% on the Day
Silver Explodes Higher - Up 3% on the Day
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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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Central Bank Net Gold Purchases Totalled 39.8 tonnes in May - WGC
Central Bank Net Gold Purchases Totalled 39.8 tonnes in May - WGC
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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
Bank of Japan to Loan $1 Trillion into Economy
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Trump Plans to Cut US Troops in Germany by Half... Calls German payments to NATO 'Delinquent'
Trump Plans to Cut US Troops in Germany by Half... Calls German payments to NATO 'Delinquent'
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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

Silver Market Update

Is Silver Set to Try Again?

June 8, 2020 - (Gold Market Wire) - Silver has had a small pick up since last week's sell off. With Gold just managing to stay above the $1683 horizontal support on Friday's close, the precious metals market is settling down. Is Silver about to try another run? Let's see the chart for the parameters.

the main uptrend and the power downtrend

It took some nimble footwork to miss the downdraft last week, but the action this morning is supportive for Silver. The power downtrend has been surmounted, albeit only intra-day, and the three week uptrend has held. $17.68 is right where we get short-term horizontal resistance, and its an important marker. Let's see what the US opening brings. We could be getting close to a set-up for length.

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