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Is This the Bottom?

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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What is Happening?

On April 16, 2013   /   Daily Market Watch, General Market, Gold, Silver  

What is happening? Physical demand for gold, and especially silver is VERY strong.  Silver deliveries are delayed for a minimum of 4 weeks and as much as 8 weeks or longer.  Premiums on physical silver are up substantially as the physical demand for silver far outpaces supply.  There are

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January Wrap Up

On January 30, 2013   /   Daily Market Watch, General Market, Gold, Silver  

January Gold and Silver Wrap Up After running out of steam between the 55 day moving average ($1695) and $1700, gold has effectively resumed its sideways trading pattern from mid-Dec. Though anecdotal, there is some sentiment that many long investors may abandon positions if they don’t feel

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Heading in to 2013

On January 3, 2013   /   Daily Market Watch, General Market, Gold, Silver  

Heading In To 2013 The fiscal cliff negotiations came down to a thirteenth hour compromise in which the US tax debate was temporarily resolved but spending issues were swept under the carpet to be resolved another day (a simple game of kick the can).  The market reacted

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