Choppy Trading

By:  John Fisher   Choppy trading conditions out there…   Gold and silver were looking good a few days ago after a short covering rally caught speculative bears on the wrong side of the metals.  However, the rally higher was stopped firmly in its tracks today.  With concern

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Selling Pressure

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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The Market Today

The Precious Metals Market Today Regarding the precious metals market today: Following Monday’s big rally, Tuesday gave us a quiet morning as the market digested the gains and drifted lower. After a few probes lower, gold found very good buying interest and took silver along for the

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