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Standing aside again as gold has now broke down below Monday's 790 low. Gold could make a trip down to at least 770 now from a technical perspective but possibly even further down. If Crude has put in a major top at 98 and the DX a major bottom at 75, then it would be best for traders to stand...

If there is no follow through selling today and tomorrow and yesterday's low hold, then that may have been it for the correction. If gold can move back over and close 810 and silver over 15, then I would venture out and reestablish long positions for the next push higher. So far Dollar Yen is...

Todays lower support just gave out so I'm completely flat for now. Next stop on gold looks to be 795-790 on cash gold and on silver 14.20-14.40. It is very disappointing to see the $15 breakout in silver being completely reversed and rejected today as 14.90 should have held. However, with the...

Adding second half here with stops set on all loads under todays low print. So 800 and 14.50 could hold here, let's see. Today was an engineered selloff, take advantage is all I can say...

Since US stock index futures have recovered this morning and the metals are still getting sold down even further, this is the hallmark of commercial induced selling. It is very likely that these entities are pushing down prices to cover some short positions. If Comex gold can hold 800 during...

P&F target is matched up to 25 as well...

Next technical upside target is 25 on the monthly nearby silver chart...

<B>Quote from romik: As far as I am concerned it's heading for a re-test of 15 & a breakout, I have not idea on when 15 will become support (edited), just faith</B> Very similar setup in gold occurred at the 692-700 area which was massive resistance for about the last year or so. With...

As of today, Dow/Gold is confirming another bear leg down. This essentially means that the Dow is once again crashing against the strength in the gold price and the trend looks set to continue in a dramatic fashion...

It will be very tough to hold silver positions moving forward as the price swings are likely to get even more volatile. I think the best thing to do right now would be to hold a position that one is comfortable with even if silver were to correct harshly in the short term. I am very encouraged...

Silver is holding 15 like a champ now. Similar to the action when Silver crossed over 14 in which a quick backtest to just slightly under 14 was made and then it never looked back. Silver is beginning to outperform gold as expected now...

Dollar Yen trading at 110.55 right now and its causing equity markets to tumble yet again. I am glad to see that the metals are holding up though. Silver is holding 15 very well so far. We could see some buying coming in soon to toughen up the US indexes and this could put a further bid under...

This time around they may just let it go. The BoE and the Fed have already warned the public that systemic risks still remain and to expect further losses. So at least the Fed Heads can come back around and say, "see, we told ya so!". 91-Day T-Yields today showing us that the dash to cash is...

In addition to moving over to CBOT, I am only reopening 1/2 of my gold and silver positions as we could see prices come off a bit here. The USD/JPY continues to float in the low 112 zone and ultimately wants to target 110 I believe. Most global indexes appear to be on the verge of breaking down...

FYI, COMEX margins increase after todays floor session closes. SI non-member spec margins are going up to $6075 now. http://www.reuters.com/article/marketsNews/idUKN0813844520071108?rpc=44 Moving all contracts over to CBOT by the close as a result of this development as overnight margins...

The $16.21 high print will likely be retested and overcome in the following days imo.. There could be some additional selling pressure coming for the next day or so but $14.90-15 should hold on a NY closing basis. My strategy going forward is to gradually build positions and add on to it on...

Gold continues to move higher hitting about $846 in European trade. It would appear that the strength in Dollar Yen to under 113 is putting some pressure on global markets again and this has placed some pressure on silver and platinum which is too be expected. Silver ran up to $16.21 as well...

Platinum, alongside gold and silver is just now breaking out of a long consolidation period of roughly 15 months in length. PL is about 50x more rare than gold, is in very high demand due to its catalytic properties and it is a consumed element which like silver, is chemically active. It has...

The one thing that traders should remember is that the moves that we are witnessing now is not just some fly by night ordeal. This story has been unfolding since 2001 and the point of recognition is just now occurring. There is a very important speculative element involved here however the main...

Thanks for the feedback Bootsie... I am probably spending more time here than I should be but I believe that many traders that visit the metals threads are at the forefront of witnessing a seismic shift in the precious metals arena...