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The amazing run in gold, silver and platinum roll

Commentaries & Views

Gold and silver are on an amazing run, platinum now joining the fray. There recent runs higher. It is something more like spectacular, however, remember that everything comes to an end. We are not predicting it’s over. However, reminding you of that simple fact.

Gold is almost 15% higher than three weeks, which is unreal on its own. In that same timeframe, silver is rallied almost 60% and platinum 20%. The price action remains bullish. We have stayed long throughout, will not reverse anytime soon but are aware of how markets work.

Today is the jobs number, the expectations may have contributed to this recent rally. Other factors are the Federal Reserve and their clueless policy, the weakening of currencies, interest rates worldwide are destroying the ability for asset classes to price themselves.

Price action remains bullish but markets never announces intentions of when you switch. News items can be bullish one day in bearish the next. It all depends on interpretation from markets at any given point.

We remain bullish with no intentions of reversing. However, at this point we would not be adding. We are expecting a pullback and wait to see price check when that happens, meantime, we will ride gold, silver, and platinum, as long as prices dictate the bull market.

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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.