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Like I said before, I am not a gold bug. I make my best attempt to trade the charts from a technical perspective and also from an intermarket standpoint. Here is what I see right now: - Crude PMO has reversed to "Down" on the weekly since turning "Up" in 2/07. - The USDX has stopped going...

Metals continue to weaken and are now putting in intermediate sell signals via the MACD and support break of 875 cash gold and 15.80 cash silver. Even though silver has rallied, this appears to be a bull trap as it is very common for the commercial interest to run prices up before the takedown...

After looking at the 1hr. charts on both gold and silver right now, there is clearly additional selling coming in and I am now biased to open a small short since the upside appears very limited at this juncture. Downside target on gold could be down to 840-860 area while silver could get hit all...

I am considering yesterday's gold trade as a washout session. As gold was hit for close to $27/oz. at one point, the sentiment has gotten extremely bearish amongst many pundits. If ZGG8 closes positive today, then the odds of a further downslide become very narrow. Whenever gold gets hit for...

Gold got hit down to 878 and silver to 15.66 on the cash market. As I previously stated, I was looking for a pullback and we are getting it even though there was a breakout above 900 and 16.30 respectively. Sometimes this is the way the bull works. I would likely stand aside if gold is unable to...

Cash unless otherwise mentioned. Traders should also be aware that some funds are now in the process of rolling over to April Gold (GCJ8/ZGJ8). Many should take notice that the dips are being bot in a fast and furious manner. Many fund traders that got off the train are now looking to get back...

Pullbacks in gold and silver should be bot as long as 890 and 16.20 hold on a NY closing basis. The DX appears to be headed for a severe resumption of the downtrend imo...

Sinclair is a very smart individual but I take much of his advice with a grain of salt. (ie, moving gold shares into paper cert is a very unwise thing to do imo as your liquidity all but evaporates). However, he has a very keen insight into the gold market and I do pay attention to several...

After today's C announcement and with the markets teetering on edge, the Fed really needs to get their head from underneath the sand and immediately cut overnight FF 0.500. The last cut was only 0.250 and the news coming out since then has been very weak. The longer they wait, the worse shape...

JS has a very telling quote this evening that portends great things ahead for the gold price: "If $900 holds with no break then just around the corner we will move onward to $1050.". So far today gold ran up to about $914 before pulling back right to $901.10 cash. Since then, we are looking at...

NY close coming over 900 and 16.30 so I would remain 100% long if this ends up being the case. Next target is $1050-$1175 on gold and $18.25-$20.00 on silver as a result...

Silver is finally starting to outperform gold so far in 2008. Ideally, Silver needs to break out above 16.50 in order to change the continuous P&F to target much higher prices than $25. The possibility remains wide open to see a significant advance in silver over the coming months and I am once...

Theories are merely intended for entertainment purposes. It keeps the crowd guessing about what "might" happen next. Price proceeds everything in futures. Support and resistance in the metals complex is really the main component that I study. Right now I am still extremely bullish on both gold...

Even though the trend is very strong, both gold and silver are beginning to exhibit some resistance and some commercial selling is beginning to appear. Gold was unable to break over $900 cash today as fund profit taking started to occur. Silver is also stuck right around 16.20 which was the...

Very high possibility now of seeing 900 US$ gold price tomorrow and perhaps a very convincing and strong move to the upside in both gold and silver. The $HUI finally broke out to a new high today thereby helping to confirm stronger moves in the metals over the coming days/weeks. April gold now...

Gold could pullback to 855-860 with the possibility of a pullback to 840 region as well. The USDX appears to be holding up while Crude prices have come off from the 100 print. My main concern right now is that the XAU has not confirmed higher gold prices to come as it is still unable to make a...

It should become fairly obvious to all that the first week of the New Year has unfolded a brand new chapter in the gold bull story. Funds are getting out of stocks and rotating into gold/silver. The last time the XAU/HUI outperformed gold bullion by a factor of 2x in a single week, the metals...

One day it could be down $20 and the next back up $30. The volatility in gold is just starting up again and many traders will get whacked trying to trade the ole' yeller. It's better to take a position and just sit with it. Tons of losers will try to short and call the top all the way up. Just...

Still long since 12/19 on Feb. Gold but rolled out of NYMEX and back into CBOT for Year-end P/L cut . 12/16 appears to have marked an important pivot in the metals complex. Bot more on the 825 break as I suggested and now looking for the 850 close. Out of PLF8 on Friday and now accumulating some...

Have a great holiday everyone, I'll be away on vacation and taking some time away from the trading desk until after the New Year but I am staying positioned and will be fetching quotes from my PDA should upside surprises occur. I would likely add to ZGG8 positions on a NY close over 825 as I...