Choppy Trading

Lynn On December 12, 2013 / Daily Market Watch, General Market, Gold, Silver

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

Silver Below $20 – Free Shipping!

Lynn On November 20, 2013 / Daily Market Watch, General Market, Silver

By: John Fisher Silver below $20! Yesterday the silver spot price dropped below a critical nominal resistance point of $20. Could it go lower? It is possible, but if you want to own silver, anything under $20 is a bargain. Is the bull market in silver (and

Fed Announcement – What Should You Do?

Lynn On September 18, 2013 / Daily Market Watch, General Market, Gold, Silver

By: John Fisher What should you do regarding the recent Fed announcement? Nothing!! The broad market, indices, commodities (including oil) are all going crazy. This is a knee jerk reaction. Can you imagine benchmark oil rising $2.65 or 2.5% on a “non announcement” (no tapering – no

Buy the Rumor, Sell the News

Lynn On September 10, 2013 / Daily Market Watch, General Market, Gold, Silver

Buy the rumor, sell the news… After a very quiet Monday in which gold only traded in an $11 range, the yellow metal has succumbed to heavy liquidation pressure today in the wake of positive developments in Syria. The following headline was released: SYRIA ACCEPTS RUSSIAN PROPOSAL

Selling Pressure

Lynn 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

The Market Today

Lynn On July 24, 2013 / Daily Market Watch, General Market, Gold, Silver

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

Gold Price Falls Fuel ‘Record’ Bullion Sales

Lynn On July 3, 2013 / Daily Market Watch, General Market, Gold, Silver

Gold price falls fuel ‘record’ bullion sales. BullionByPost (an internet retailer in the UK) said its sales hit $132,796,800 in the year to April, presenting a rise of 58 percent on the previous year. Pre-tax profits are expected to be in the region of $3,052,800, up from

In the Wake of the Fed

Lynn On June 21, 2013 / Daily Market Watch, General Market, Gold, Silver

In the Wake of the Fed What a move… in the wake of Wednesday’s FOMC meeting, risk assets across the board have sold off in a dramatic fashion. During Federal Chairman Ben Bernanke’s testimony, he stated that should economic indicators continue to improve, the Fed would be

Gold Tumbles to 2½-year Low in Fed Bloodbath

Lynn On June 20, 2013 / Daily Market Watch, General Market, Gold, Silver

Gold Tumbles to 2 1/2-year low in Fed bloodbath. By: William L. Watts and Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) — Gold and silver futures closed at their lowest levels in more than 2 ½ years Thursday, a day after Federal Reserve Chairman Ben Bernanke said

Is This the Bottom?

Lynn On May 21, 2013 / Daily Market Watch, General Market, Gold, Silver

Is this the bottom? Yesterday, Monday May 20th, gold and silver experienced their most violent movements since their shocking two day downturn in mid April. In the extended weekend session, silver broke down below long term major support at $22, a figure not seen since the fall

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