Gold & Silver - Discussions

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  • davefairtex's picture
    Mar 6 2015 - 12:53am by davefairtex

    Gold fell -2.80 to 1197.50 on moderate volume, while silver dropped -0.01 to 16.20 on light volume.  The recent intraday pattern is for PM to rally in asia, and then sell off later on in the trading day - and today gold and silver followed that pattern.  Gold printed a shooting star doji, showing yet another failed rally.

    Overall gold is forming a descending triangle, slowly moving closer to 1190 support.

  • davefairtex's picture
    Mar 4 2015 - 11:33pm by davefairtex

    Gold fell -3.20 to 1200.30 on moderately light volume, while silver dropped -0.06 to 16.22 on light volume.  PM traded in a relatively narrow range all day long, suffering a modest selling spell after market open in NY.  The shorts tried to pound gold lower, but only managed to push it down to 1197.70 before it found support.

  • davefairtex's picture
    Mar 4 2015 - 1:18am by davefairtex

    Gold fell -2.50 to 1203.50 on moderately heavy volume, while silver dropped -0.13 to 16.27 on moderate volume.  PM was hit hard early in Asia, with gold dropping to a low of 1194.60, only to rebound - but it was unable to hold those gains into the close.  Gold still appears to have a relatively solid bid anytime price drops below 1200.  How long that lasts is anyone's guess.

  • davefairtex's picture
    Mar 3 2015 - 3:11am by davefairtex

    Gold fell -7.70 to 1206.00 on moderately heavy volume, while silver dropped -0.17 to 16.41 on light volume.  PM moved strongly higher in Asia, with gold at one point hitting 1223, only to fall for the rest of the day, closing near the low.  Its yet another failed rally for gold and silver.  Both gold and silver are back below their 9 EMA.

  • davefairtex's picture
    Mar 1 2015 - 1:30am by davefairtex

    On Friday gold rose +4.40 to 1213.70 on moderately light volume, while silver was up +0.05 on light volume.  PM continued its slow move higher, with both gold and silver moving above their respective 9 EMA lines but without much vigor.

    The next resistance line gold faces is its 50 MA.  Right now, gold does not look to be in any sort of hurry to get there.

  • davefairtex's picture
    Feb 27 2015 - 4:42am by davefairtex

    Gold rose +5.60 to 1209.60 on moderate volume, while silver rose +0.02 to 16.53 on moderate volume.  PM rallied nicely in Asia and London trading, only to sell off sharply after the dollar started a very strong rally, with the primary surge in the buck happening after 0830 EST - the time that Durable Goods, Jobless Claims and CPI hit the wires.

    CPI-inflation is now negative: -0.2% annualized.  Likely, that's just about energy.

  • davefairtex's picture
    Feb 26 2015 - 3:11am by davefairtex

    Gold rose +2.90 to 1203.70 on moderate volume, while silver rose +0.23 to 16.51 on moderately heavy volume.  PM rallied early in the Asia trading session, and more or less sold off for the remainder of the day.  Silver managed to cling to about half its gains, while gold lost almost all of its move higher, printing a shooting star on the day.

  • theordore's picture
    Feb 25 2015 - 12:45pm by theordore

        Should retail investors either avoid or stop trading silver and gold ETFs, and  leave that game for the Big Boys who are super sharks?  I state this stupid-looking question to try stimulate a discussion on how best to set up strategies and implement executions in an environment where (according to the WSJ) the Justice Department and another agency have begun investigations of PM trading activities by 10 banks.  (I don't mean to say the investigations are the reasons for my question.  They point to those reasons.)

  • davefairtex's picture
    Feb 25 2015 - 3:56am by davefairtex

    Gold fell -0.50 to 1200.80 on moderate volume, while silver dropped just -0.01 to 16.28 on moderate volume.  Both metals traded lower throughout the London session, with gold spiking down and hitting its intraday low of 1190 at exactly 1000 EST - several economic reports hit the wires at that moment, and the dollar spiked briefly higher at that same time.  Janet Yellen was also in front of Congress around that time.  Silver hit its intraday low of 16.04 at 1131.  Both metals rebounded closing more or less flat by end of day, with both printing a doji.

  • davefairtex's picture
    Feb 24 2015 - 2:42am by davefairtex

    Gold fell -2.00 to 1201.30 on moderate volume, while silver rose +0.06 to 16.29 on moderate volume.   Both metals were hit in London trading with a decent-sized spike down making new lows, but then both recovered just prior to the NY session open.  Both gold and silver printed doji candles, which could signal a bullish reversal.