Dominate Your Market
by Jim Wyckoff
The Comex gold futures market controlled by the bears on a near-term technical basis, as prices are in a solid two-month-old downtrend. Rising government bond yields are squelching buyer interest in the gold and silver markets as the bonds annual returns are rising while safe-haven gold and silver pay no dividends. There are no early chart clues to suggest the downtrend in gold prices will end anytime soon. Stay tuned!– Jim
There is a risk of financial loss in futures and options trading. Futures trading is neither easy nor an easy way to make money. It takes hard work to have success. Please use sound money management when trading futures. Past performance is not necessarily indicative of future results. Nothing on this website is intended to be a trading recommendation to buy or sell futures or options. All information has been obtained from sources believed to be reliable, but accuracy is not guaranteed. Readers are solely responsible for how they use the information on this website.