What Happens To Gold And Silver Next? Look Out Below?

Question for YUP: You say the words PRICE ACTION over and over..this is from FX Empire today:
"Watch the price action and read the order flow at $1221.70 early today. After the early session, this is the angle to watch the rest of the day. Trader reaction to it will tell us if the bulls or the bears are in control."
My question is..can you tell us a chart or link to better determine "Price Action", and where to look at "Order Flows"...these seem to be the critical daily data one needs, to help determine trends.
Thanks
Calvin

I found this Zack..not sure if it helps, but, shows companies paying dividends(which are always changing, due to financial reports)...always a big bonus to get dividends to re-invest.
http://www.fool.com/investing/gener...of-cash.aspx

FXEmpire 4-11-16 forecast:
June Comex Gold struggled to hold on to its gains on Friday, but the market still managed to close higher for the week. All week, investors mirrored the price action in the equity markets. Weaker stocks drove investors into the safety of the gold market.

Stocks posted their worst week since February. The closing price reversal tops in all of the equity indices could underpin gold futures this week. If there is a follow-through to the downside by the stock indices then look for gold to post strong gains. The size of the rally will be determined by stock index volatility.

Gold also posted its biggest weekly rise in five weeks as the Federal Reserve remained cautious on U.S. interest rate increases. However, traders are bracing for volatility this week because of concerns about the Japanese Yen. Any aggressive action by the Bank of Japan to weaken its currency could create a volatile environment for gold traders.

The main trend is up according to the weekly swing chart, but momentum has been to the downside for four weeks, or since the $1287.80 top on March 11.

been stretched for time here but a few observations and replies-

orderflow- not something any retailer will get so you wont be able to find it. Furthermore, order flow would only work for intra-day, not the over all trend, you could have a very strong order flow of buying for the day and then the rest of the week could say, send whatever asset lower.

Here is what you should be doing. you must compare the HOD and LOD each day. successive highers highs and higher lows mean trending up. successive lower highs and lower lows mean trending down. pretty simple stuff. you must pay attention to how an asset closes, how low does it go, does it break the previous day of low or previous high of day. Thats all you need to do and you can figure out the price action. It is really that simple.

Gold and silver really have been doing nothing since they made their yearly highs, basically running in place. This is typical of the current market environment. they have been range bound since early February, with gold making a few yearly highs and pulling back into the range.

one week they are up, the next down, rinse and repeat.

This is not a bad thing. Gold remains in an up trend. Silver the previous week to last had fallen out of the range. Then it worked itself all the way back into the range last week.

its pretty obvious to see whats going on. Dont expect gold and silver to go higher like a rocket ship. They have plenty of resistance ahead and the market is rotating assets constantly.

Going forward there is nothing really to say. Until silver breaks 16.17 there really isn't much going on, just more range bound trade. Gold the same thing. Same with gold. Until gold breaks 1287.80, the yearly high, it remains range bound.

Absolutely nothing wrong with having a yearly asset range bound, consolidating and just going sideways, in an up trend, and that is what gold is doing. If you dont like this price action, then you are asking too much and shouldnt be holding gold. lol

Silver is ho-hum. No where near gold in terms of price action, not really yet there and still lagging. However, the price action is constructive. The more it fights back to the range, the more we know the buyers remain in control and the higher probabilities that it can pull higher

I think right now almost all gold mining stocks hitting 52 highs should be ok. There is a ton, just last friday there were like 8 names making yearly highs.

Names such as NEM, FNV, GOLD and others are being held long term by institutions. I personally have been trading and going long FNV, GOLD. There are other great names as well.

However, one reason you want to buy higher priced stocks that are leaders is because they move and have much bigger moves no matter how little you can buy.

You can also buy GDX and save the worry of picking an individual name.

If you are a silver bug, you will like the price action in PAAS. Another name with good price action is SLW.

In fact you could buy GDX and SIL and then buy a little of each if you really are bananas about gold and silver.

Keep mind tho these are not going straight to the moon. All too often the public has this misconception that stocks go straight up. Some do, some dont. Why?

Institutions and funds are constantly rotating money and so are other market participants. So while gold miners go into the toilet and stop moving higher, then other portions of the market go higher until the market comes back to the miners.

For this reason, if you are buying gold and silver miners what you should do is allocate an amount of money, pick your spot and then STOP buying and sit on them UNLESS you have the ability to read the tape and know where to add to the position.

The whole point is to accumulate and then stop buying and let the profits run until the trend dies. If you keep buying all the time because your emotions are running high and you think you are going to miss the move, you will be setting yourself up for disappointment.

just a brief note, let talk price action-

silver, 2 weeks ago, was looking bad. remember how tho I said, we did not know if it would go lower or fight back into the range. Only by giving time would we get the anwers..

notice last week, the buyers took silver into the lower end of the range and now it appears as if it might be attempting to get to the high end of the range, refer to last nights post for the key number to watch on silver.

gold- going back to its 52 high from 2/11/16. Is gold trying to make a new range finally, with the floor being the 1260s?

all these questions must be given time but this week is going to give a ton of clues for gold and silver.

btw, gold miners continue to push again, many names either hitting more 52 highs or setting up hit fresh 52 highs.

let me repeat myself- once these 52 highs are hit, they tend to continue on,. 52 highs are an UPTREND. never forget that. Sure, it could drop back and pull back and go into a lull for days, weeks, months but it still is an uptrend.

Loaded up on more MUX..just love this company...still dirt cheap at $2.45/share