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 ....
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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 ***
*** GOLD MARKET WIRE ***
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Gold Market Wire

News, analysis and commentary for gold traders and investors

Silver Market Update

Silver Update (Take 2)

November 4, 2021 - (Gold Market Wire) - The market is settling back into its previous mode, now that the sell-off has abated. The relatively quick re-capture of previous levels reveals exactly how news-driven the sell-off was, and how insubstantial it actually is. Looking back we can see how the fibonacci retracement worked:

The answer is 'not bad, actually'. Especially the 38.2% which is right where we got back to back closings and openings on Nov. 2 and 3. The power downtrend is being bettered now. We need to hold this into the close today.

addendum: it looks like our original channel's demise was 'greatly exagerated' and has been resurrected.

...the channel is back! (time stamp is incorrect. should read approx. 10 a.m. EDT)
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