Just when the price of gold was supposed to form an inverse head and shoulders pattern that would trigger a bigger rally, the yellow metal declined, making it clear that such a pattern does not exist at this time. However, there’s more to yesterday’s price moves than just the fact that the H&S pattern was not formed.

• Read more

Last week, we received quite a few messages in which readers asked about the long-term reverse head-and-shoulders pattern in gold and related ratios. In today’s alert we discuss this in greater detail.

• Read more

The USD Index once again moved lower yesterday and it declined below several important extremes. Gold moved a bit above the previous highs and the same goes for silver and mining stocks. What changes do these breakdowns and breakouts imply?

• Read more

The USD Index dropped to new lows after Mario Draghi’s comments on the European economy and the European monetary policy. Still, gold didn’t soar to new highs - is the top in or will the reaction simply be delayed?

• Read more

It was not so long ago, when we wrote about the record-breaking volume in gold. We described the implications of the extreme monthly volume and we discussed the very high readings in case of the individual sessions. We even described these sessions as the most important sessions of the year – at that time. Well, “at that time” those volume readings were extreme, but what we saw yesterday made the previous sessions seem regular. Yesterday’s volume in gold was never seen before during a daily upswing. The volume was even higher than the one that accompanied the results of the Brexit voting. With key volume, come key implications. We discuss details in today's Gold & Silver Trading Alert.

• Read more