Gold continues to drift lower, just as our cycle forecast projected, with the most active December futures settling at $1,246.70 per troy ounce yesterday at the close of pit trading. And slumping further this morning to a low of $1,241.30. Likewise, silver is trading lower at $15.67 a troy ounce this morning. Still, gold has […]
In 2018, the cycles forecast a major move to the upside for the entire precious metals complex, but naturally, some metals will perform better than others. Case in point, earlier this year I pointed out the big disparity between the performance of palladium vs. platinum prices. Historically, precious platinum had almost always traded at a premium to […]
Precious metals have entered a volatile trading range in recent weeks. Gold has support at roughly $1,265-per-troy ounce, give or take a few dollars. Meanwhile, you’ll find resistance for the yellow metal at $1,290-$1,295. For silver, the trading range has been a bit wider, from roughly $16.80- to $17.30- per-ounce. Watch this range closely in […]
Gold declined again this week, trading as low as $1,263.80-a-troy-ounce yesterday, basis the most active December futures contract. The downtrend has now persisted for seven of the past eight weeks. That’s on target with our cycle forecast for another move lower this month, followed by a major cycle turn date to the upside. Silver is […]
