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Gold, silver and platinum explode

Commentaries & Views

The rally in metals has been phenomenal, there appears to be no stopping the rally. However, this is starting to look like a blow off pattern which could bring some swift hard selling. We know that there will be a pullback and from where is the only question left.

Gold remains very bullish and a sell off would be a buying opportunity. All markets at times need to have selling pressure to maintain the current pattern of a bull market. We remain long gold but will wait for a sell off which will be determined how far this rally runs from here.

Silver is even stronger than gold from where it has come from. The story in silver would be the same, waiting for a pullback to add on. Platinum is just nearing bearing a bull market but will take work to confirm. We are long and will stay there but know it is not a strong as gold and silver, yet.

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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.