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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Gold Makes Its Run to $2,000 an ounce...Target in Sight
Gold Makes Its Run to $2,000 an ounce...Target in Sight
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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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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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*** GOLD MARKET WIRE ***
*** GOLD MARKET WIRE ***
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Gold Market Wire

News, analysis and commentary for gold traders and investors

Silver Market Opening

Silver's Target

May 29, 2020 - (Gold Market Wire) - Silver continues to push against the downtrend in the European a.m., looking to vault the line.

so far, unsuccessful

The same chart, with a wider perspective:

a possible cup and handle formation, silver looks to make the break

We're not there yet. Silver keeps bouncing off the line. The end of month, today, is going to be important for the tempo going in to June. Silver wants to break through, but we must be patient. In precious metals trading that patience is a true virtue. If you tried to anticipate in the past few weeks, you are likely to be underwater. Don't get ahead of the market. Let it come to you.

Lastly, the intersection with the uptrend shows that we are reaching the showdown point.

we're running out of road.
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