Precious Metals

Gold At A Fulcrum

A lot is riding on gold’s price action today. It was at a convergence of key lines of support and resistance. The mini smash this morning just broke a short term uptrend line. Recovery is still possible by the end of today, but if it does not happen, the effect on the short term trend…

Gold Stutter Steps

Gold has cleared one resistance level but has pulled back from a second, which it must clear to reach the next target in the advance. Meanwhile precious metals stocks underperformed the metal yesterday. What does it all mean?