Gold, Silver, and U.S. Steel

We’re about an hour into the overnight session; gold is trading down about a half-percent, with silver steady.

The potential ‘top’ in gold is still in play, link here (not advice, not a recommendation).

So far, gold (GLD) has peaked in ‘week three’, and not ‘week five’ as in 2011.

It’s important to note, GLD price action penetrated support (i.e. spring position) during week ending, 5/16/25.

This coming week, is Fibonacci Week 8, since the massive thrust and volume of week ending, 4/11/25.

In separate news, we have ‘event’ driven markets.

Boeing has already been discussed, with its largest aircraft order ever, link here.

Next, we have U.S. Steel (X), link here.

Chart analysis and fundamentals are scheduled for the next update.

Stay Tuned

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