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
US Month on Month Job Cuts by Employers Soar 54% in July
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CME Raises Silver Margins by 12.5%
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
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
Bank of Japan to Loan $1 Trillion into Economy
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*** GOLD MARKET WIRE ***
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Gold Market Wire

News, analysis and commentary for gold traders and investors

Silver Market Update

Silver Continues its Surge Higher

July 22, 2020 - (Gold Market Wire) - Silver is continuing its powerful surge to ever higher prices after a decent price drop today was quickly bought.

strong stuff

When you look at the draw back today the buying point was fairly clear to see, but the question becomes, can it hold? That turns such pullbacks into the day trading arena, which means you need a steady hand on the trigger finger. The 30 minute chart shows just the problem: a nice draw down for a buying opportunity followed buy a very strong rally that needed impeccable timing to get out of. The solution? Don't get too greedy when day trading.

volatility is the rule in markets like this.

and just a few minutes later (on a 15-minute chart)...

a 15-minute chart. What a difference a few minutes makes.

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