News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
***
*** GOLD MARKET WIRE ***
*** GOLD MARKET WIRE ***
***
Subscribe to receive our market report service:
Market Info
Feature coming soon.
Thank you for your patience

Gold Market Wire

News, analysis and commentary for gold traders and investors

Silver Market Update

Silver Jumps above the Downtrend

May 3, 2021 - (Gold Market Wire) - Silver has taken on the downtrend line and pushed strongly above it - confirming the strength of the support line, but still falling short of a breakout. Still, at more than 2% up on the day, the indications are turning positive for the metals. New York has come in strong and taken us higher. That is noteworthy on a Monday, and even more noteworthy after the US Dollar's strong Friday performance.

before the East Coast hit the market...

A New York Minute....well - call it just under an hour, actually:

...and after.

The charts aren't perfect impressions of each other...with the first being drawn just casually - but the implication is clear: The Funds don't like being short the market. They closed their length at the end of the month to book profits - and now, they've put it right back on. That is what we want to see. The "Street" wants to be long the metals.

We've got horizontal resistance around $26.62-.72, but things are taking on a positive slant. If we work down towards our uptrend line again, we will consider length.

An interesting start to the month in the metals, no doubt.

< Previous articleHome pageNext article >
<- Go Back