Gold, silver and platinum explode
Kitco Commentaries | Opinions, Ideas and Markets Talk
Featuring views and opinions written by market professionals, not staff journalists.
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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