Now that we have entered 2021, what do the Gold and Silver Market’s technical indicators say? While the precious metals’ future price trend is going up much higher, the short-term trend will depend upon a few factors. One factor is the direction of the U.S. Dollar, and the other is…
In today’s Metals & Market Update I discuss the silver price has now reached a very important technical level. The precious metals started the year off today with a BANG today while the broader markets experienced a steep SELL-OFF. Will the metals continue higher tomorrow? Good question. However, if…
The surge in the gold and silver prices today was the result of the large Dollar sell-off. The U.S. Dollar has been trading off an important support level for the past four months, but finally broke below it today, causing a nice really in the precious metals. Gold was up $40…
Disregard all the hype, manipulation chatter, and the silly mantra stating that “Gold is now Dead.” The gold price was going to retest the $1,800 regardless of anything to do with Bitcoin’s price rise or Janet Yellen becoming Treasury Secretary. If investors understood the gold fundamentals and technicals…
With the precious metals prices continuing to consolidate, what are the technicals showing for the next several weeks? The direction of the gold and silver prices will depend on the action of the U.S. Dollar Index. Over the past three months, the Dollar continues to retest its 100-month…
When it comes to silver, Americans are leading the world in hedging their bets in the shiny metal. This year, Americans have purchased one out of every three ounces of physical silver bar and coin compared to the rest of the world. And, that’s not all. If we also consider…