The technical picture for spot silver remains messy at present as we continue to consolidate between .26 to the downside and .50 to the upside with the short term tone certainly bearish at present.  Yesterday’s price action for spot silver breached the 200 day moving average with the close of the session also ending below [...]

(show less)

Friday’s wide spread up bar for the pounds to dollars pair injected further bullish momentum which has continued in today’s London forex trading session, as the pair creep above the psychological US1.55 price handle which marks the top of recent price congestion and as such should provide a solid platform for a continuation of the [...]

(show less)

Gold trading continued its sideways price action last week, although we may see a modicum of activity enter the gold market given the likelihood of some serious dollar decline this week as evidenced in the usd index.  The spot gold price ended Friday’s gold trading session marginally below the 9 day moving average which appeared [...]

(show less)

Spot gold prices continued to move sideways in yesterday’s trading session, recovering slightly but running into resistance from the 9 and 14 day moving averages, along with the 00 per ounce price level.  The precious metal appears to have rebased at around 75 per ounce but for any recovery in the long term bullish trend [...]

(show less)

The spot gold price continues to slide lower, although with little conviction in the last few days, as the gold market attempts to stabalise around the 80 per ounce price point.  Yesterday’s attempt to rally was met with resistance from both the 9 and 14 day moving averages which once again confirmed the short term [...]

(show less)

The spot gold price once again probed lower yesterday further confirming the short term bearish sentiment currently evident in the gold market.  Curiously gold continues to move lower as does the dollar, suggesting that their recent inverse correlation is no longer valid.  With the 9 and 14 day moving averages now crossing below the 40 [...]

(show less)