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Technical Analysis Versus News

Commentaries & Views

For years, there has been an argument about technical analysis -- whether or not it works for gold and silver. Many believe that the metals are manipulated, and technical analysis does not work on gold and silver.

The facts are simple. Technical analysis always works, giving traders and investors a leg up on those who try to play the news and fundamentals. They may not always be right, but they always give the individual the best entry on either side of the market.

The technicals in the metals suggest that the next big moves are higher. Many feel that the dollar and interest rates may put pressure on the metals. Correlations may work over the long haul, but entries and exits should be based on the technicals because they indicate the money flow. The lows should be in and the metals are ready to go higher.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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