News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
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**** Gold Market Wire ****
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France Recalls Its Ambassadors from USA and Australia...Calls Their Behavior "Unacceptable" over Scuttled Submarine Deal...Calls Australian Behavior "A Stab in the Back"
France Recalls Its Ambassadors from USA and Australia...Calls Their Behavior "Unacceptable" over Scuttled Submarine Deal...Calls Australian Behavior "A Stab in the Back"
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US Bans American Banks from Purchasing Russian Sovereign Debt
US Bans American Banks from Purchasing Russian Sovereign Debt
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*** GOLD MARKET WIRE ***
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Gold Market Wire

News, analysis and commentary for gold traders and investors

Gold/Silver Market Update

Silver Hangs Onto Trend Lines

September 2, 2021 - (Gold Market Wire) - For those who seek action, and aren't luck enough to be short the $1800 strike in Gold options, the end of this period of extended doldrums, will be greeted with relief. The Silver market, despite its recent pick-up is doing nothing, flashing reversals one day and again a few days later, but, importantly, hanging on to its recent trend line:

two trend lines, both holding for now.

So, the terminally bored can try a scalp long at this juncture, but only very small. Gold is not indicating at all, and has gone to sleep. There is of course the candlestick formation indicating potential reversal, but we can't really make much of this market either way... save for a slow uptrend in Silver.

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