Make Kitco Your Homepage

Gold, silver and platinum short, equities long

Commentaries & Views

Equity markets have started to breakout to the upside while the metals remain in a downtrend. There is some market exuberance after President Trump was released from the hospital on Monday. Gold, silver and platinumalso reversed from Monday’s lows to rally. However, we remain short the metals and will not be reversing today.

The story on Monday’s rally runs a little deeper than just a typical rally. The pressure on Bonds and the Dollar was enough to help the metals rally. With a FED minutes to be released Wednesday, it appears that markets are looking for some dramatic action from the clueless gang at the FED. Although we could speculate, we will stay the course of the trend and general price action.

This morning Gold, Silver and Platinum are under a little pressure. They all should continue the downtrend heading back to their support levels. Levels to watch in December Gold 1875 -1850, January Platinum 875 -850, and December Silver 24.00 -23.5. Obviously, this can change any day; for now, we assume lower.

Recording: Managed Futures using Micro and Mini
Futures - The Next Big Thing

Watch here:
Bubba Mini and Micro Futures Portfolio Management

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.