Precious Metals

The price of precious metals has been relatively stable for the opening half of 2017, but it appears that the markets are slated to bring gold and silver down to size, at least as we open the second half of the year. This morning, gold is already down a considerable
Recent news for precious metals has been bearish. Not only are gold and silver struggling to maintain the gains they established early on in the year—and slipping while they do so—but the stock market in recent months has continued to stay at the high levels that cr
We’re near the end of June, which conveniently ends on a day of trading tomorrow—Friday the 30th. What has the month meant for the price of silver? Let’s look at some of the headlines from the precious metal throughout the month to get a context for the current silv
With the month almost over, we can now zoom out and get a sense of where the precious metal’s trend has gone over a thirty-day period that included a Federal Reserve rate hike announcement. As one might expect, the price of silver declined overall for the month, tho
In early May, the price of silver bottomed out in the lower $16 per troy ounce range, ultimately gaining traction throughout the month to zoom up to a recent high near $18 per troy ounce in early June. Since then, silver’s decline has been consistent and speedy, moving
First published on Sat Jun 17 for members of ElliottWaveTrader.net:  Now that we have moved beyond the Fed-event, many have become quite bearish the metals once again.  Many are again expecting the December 2016 lows to be tested, with just as many thinkin
Yesterday’s session was not like the previous ones – in the previous days, the precious metals sector moved lower together and mining stocks were leading the way. Yesterday, gold and silver declined, but miners were barely affected. Does this strength indicate a likely
Now that we have moved beyond the Fed-event, many have become quite bearish the metals once again.  Many are again expecting the December 2016 lows to be tested, with just as many thinking it will be broken.  But, what I find quite comical are those tha
First published on Sat Jun 10 for members of ElliottWaveTrader.net: As we came into 2017, I was looking for the metals market to bottom and begin a strong rally for 2017 which would take us back to the highs of 2016 and beyond.   Thus far, the market has b
Gold, silver and mining stocks finally moved lower after several days of higher prices - and one can say the opposite about the USD Index. Was this just a pause or a beginning of a bigger downtrend? The latter is quite likely and the reasons come from the precious me

Pages