Upcoming Supply Crunch

On August 21, 2013   /   General Market, Gold, Silver  

There is an upcoming gold supply crunch! The World Gold Council (WGC) just released its quarterly “Gold Demand Trends” report, which examines trends by sector and geography. This report is one of the few reports available on worldwide gold supply and demand. The most critical element of

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Consolidation and Liquidation

On August 20, 2013   /   General Market  

Consolidation and Liquidation After an impressive two week run up, gold and silver are now consolidating as they wait to digest tomorrow’s FOMC minutes.  At the tail end of last week, gold was able to break through $1,350 resistance.  Stops were triggered and it made its way

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Selling Pressure

On August 6, 2013   /   Daily Market Watch, General Market, Gold, Silver  

Selling Pressure With stops being triggered overnight at the psychological figure of $1,300, gold led the precious metals complex lower.  After failing ahead of key resistance at the end of July around $1,350 (the 23.6% Fibonacci retracement level of the all time high made in Sep 2011

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