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 ....
***
US Bans American Banks from Purchasing Russian Sovereign Debt
US Bans American Banks from Purchasing Russian Sovereign Debt
***
*** GOLD MARKET WIRE ***
*** GOLD MARKET WIRE ***
***
Subscribe to receive our monthly report
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

Tweaking the Trendline

September 10, 2021 - (Gold Market Wire) - Our trend line in Silver, with us for more than a fortnight, has been negated - if only slightly. Now we must re-cast the line to see how the market fares.

re-adjustment

We can see that the tail from the low point has fallen into focus. Actually this makes a bit more sense than the previous trend line. Was our previous trend really a minor power uptrend? Possibly, upon reflection, but the new trend line is only marginally different. Still, we are not complacent. We really want to see the line hold going into the close today. Any kind of failure should prompt us to cut the trading position. Our 're-load' of length is slightly in the money which is fine, but the market needs to show mettle - today. The pressure is on, and the New York opening will be critical. We're still in a positive frame of mind - but this market needs to get a move on and prove it can rally.

< Previous articleHome pageNext article >
<- Go Back