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Silver not only broke out over 15.21 which was the May'06 swing high, but also made it up to 15.51 on the cash market so far today. Many traders and investors have been waiting for silver to confirm gold's breakout and today is that day. Many will now choose to allocate funds into silver and...

Seasonality can bring about mixed results. Seasonal energy trades as of late is a real good example. I think that traders should also analyze the market fundamentals at the present time in any particular product. LB had a great seasonality setup in 2002-2003 due to the housing boom. It looks to...

So far this is what has transpired as cash gold went down to 800.10 last night and has since rebounded to 806. Of course we could still see a further push lower than 800 however I wouldn't count on it. If there is another push lower than 795 might be a support target. Still gunning for 850...

I think that we are within days of a breakout over 15 on the cash market. Just my gut feel so don't hold me too it if we don't see it but I do believe that it is coming very soon now...

Goldman is not classified as a commercial entity actually. They do hold seats on both NYMEX and TOCOM as large traders / fund specs though. The commercial designation is only reserved for exchange members that are in the business of actually mining, producing or refining precious metals. But...

With December contracts expiring within weeks, it would appear that the commerical producers continue to sell higher priced gold contracts to the funds and small specs. Even though the gold price has gone up by about $70 or more since the CFTC reports started showing high levels of short...

Silver is looking good today but I would still like to see a break over 15.25 on the cash market before taking on a substantial silver position. Once that level is cleared, then the next resistance isn't until 25.00 which was the last high print from early 1983...

Well, the floor closed GCZ7 at 809 today so 850 in now well within reach this month. I hope you guys are making some coin but always remember to set stops to lock in profits as the volatility in both directions is sure to keep traders on their feet. For instance I should have taken profit on...

Even with the DOW down more than 370 points, gold is trading about $4 down from yesterday's close. It would appear that $800 could still be on tap before tomorrow's NY close. Silver got whacked early on (as usual) but recovered most of the losses as dealers saw 14 as nearby support holding. I am...

Most every market traded in the US went haywire for about a 20 minute period following the Fed decision. Trading was very erratic and this is why it is important to just sit tight during these times. Traders can get whipsawed and suffer drawdowns if one is actively trying to trade their metals...

all I can say is do your own homework. that site has had a long standing opinion of bearishness on both gold and silver for years now. if one is skeptical about the future direction of metals prices then stand aside. there is no margin of error in this game...

Well, the Dollar continues to hit the skids here about 45 min. after the FOMC decision was made. December gold is now trading over 800 and SIZ is now over 14.60. Yesterdays pullback was likely a shakedown. Those still holding or who added are likely to be rewarded in the coming days, weeks and...

So in the very short term, 785 on gold and 14.20 on silver is serving as support as physical buying interest is occurring at these levels. With the DX now breaking under 77 and the XEU well over 1.44 now, the metals are continuing to advance higher. An unexpected cut by the Fed of 50bps would...

CEF confirming ascending triangle breakout...

-50bp "shock n' awe" is a possibility again.. broker/dealers, financials, homebuilders all in dire straits and laying off heavily. general economy doesn't need right now but the banks surely do. Fed always seems to serve wall street before main street.. Dollar chart not a buy quite yet imo...

Some "back in fill" on Silver is welcomed here since Silver has moved up about $0.75 in the last few days. 14 even on the cash charts should provide good support as there are likely buyers lined right up at that level. We will need to see silver beat out the 15.21 cash high in order to target...

There exists the possibility that gold could push back a bit to consolidate the gains made in the past 5 days. 770 would present near term support as a backtest of this area represents prior resistance. Perhaps there will be a bit of DX short covering prior to the FOMC on 10/31. This would...

Right.. So Feb Gold 1980 was the active contract and April Gold was the front month. I would consider these two contracts to signify where the open interest was the largest when cash gold actually hit $850.

Gold typically leads Silver during new uptrends as the demand cycles are stronger for Gold in the Fall months due to Asian investment and global jewelery demand for the holiday periods. Silver will normally begin to match gold performance and then 'outperform' in the Winter and early Spring...

Next upside target in gold is the all-time record high price of $850 on the cash market (January 1980). The contract high achieved on the April Gold contract in 1980 was $895.00 so this is the number to beat imo. Remember that gold priced in inflation adjusted terms should be fairly priced at...