Tag Archives: sell gold

Gold – Still A Seller

Gold bugs are enjoying some relief at the moment with the rally in gold back to U$1,424 an ounce, up from the low around $1,326. Unfortunately, the fundamentals remain the same, and the chart is now offering a potential sell … Continue reading

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Posted in Commodity, Gold, Trading | Tagged , , , | 6 Comments

Qe3 bullish or bearish? Implications for gold ….. and a platinum setup

This post has 2 themes: Looking for chart set ups that have good reward: risk opportunities before a major news event. A view that the potential for a decent market move after Thursday’s Federal Reserve meeting probably depends more on the type and size of any easing than on whether they ease this month or a bit … Continue reading

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Posted in Commodity, Gold, Market, Trading | Tagged , , , , , | 3 Comments

Sell Gold on QE Disappointment

The gold price may be artificially high. Expectations of further action from the Fed are supporting current levels. With an announcement due tonight, there is substantial downside for gold if, as I expect, no further monetary stimulus is announced.

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Posted in Gold, Trading | Tagged , , | 12 Comments