Posts Tagged ‘Comex’
Gold and Oil News - May 20, 2013 22:33
Gold Re-tests Lows on Asian Margin Selling, Rebounds
Last night’s scare in the precious metals market could be summed up simply as programmed margin selling after Friday’s bushwhacking which occurred after the COMEX close. This was a replay of the events of April 12th and 15th, where the selling which happened after Asian markets were closed for the week had to carry over [...]
Gold and Silver End the Week Range Bound
Bravo to the money masters this week, pushing and pulling the timing of the news to reinforce a range trade in Gold and Silver. This is keeping the mo mo monkeys out of the market — a game that has been going on now since the first day of trading this year when the price [...]
Gold Routs the Shorts, Next Stop $1500
I said yesterday that futures expiration was holding Silver back from breaking above $24. That turned out to be the exact right call. Gold was held in check below $1450 as well, $1435 in fact — the 200 week MA. That level has fallen and the market is currently trading in run-away fashion heading towards [...]
Gold Settles Back, Re-Tests $1400
Since last week’s crash I’ve been saying that if the gold market was going to turn around it would be a tough slog higher; in a three steps forward two steps back pattern. This behavior has been in evidence since yesterday morning where Gold hit a high above $1435 and since then has been settling [...]
Gold Continues to Rebound Above $1400
It was no surprise to me watching it last night, but Gold began moving higher with the re-opening of the markets and did not let up until the COMEX pre-market opened at 7:30 this morning, having added nearly $30 to the price and challenging the 200 day moving average. Gold promptly ran into some selling [...]
Gold Ends Week Above $1400 Despite COMEX
Coming into the European open at 3am this morning (EST) Gold was threatening to cross back through the 200 week moving average. This is not a level I take a lot of stock in, preferring both the 144 and 288 EMA lines personally. But, many traders do use the 200 period MA as a reference [...]
Gold Tests $1400 Fails, Falls in Asian Trading
Just moments ago Gold was bombed on the Hong Kong open back below $1340 per ounce, before recovering slightly. Last night the market re-tested $1400 just after the U.S. equity market opened but that test failed and gold was under pressure all day through New York trading and through early Sydney trading. Once Hong Kong [...]
Gold Stabilizes After Brutal Rout
I’ve been watching gold for so long that literally nothing fazes me anymore. I am sure that yesterday’s drop turned the stomachs of many a gold investor. And while I am not ashamed to admit that there were a few moment of anger watching things unfold, I can also say that my reaction was nothing [...]