Here we go again - gold, silver try to rally
Kitco Commentaries | Opinions, Ideas and Markets Talk
Featuring views and opinions written by market professionals, not staff journalists.
Crazy markets create opportunities and the action in gold, silver and platinum are no different. Trading the congestion pattern is challenging; however, the pattern itself creates an opportunity to add and manage a position within the longer-term trend.
Remember, we are investors as well as traders, meaning that our investments and trades can be on the same side of the market or for short term periods on opposite sides. This is the case now. As traders, we are short, but as investors, we are always long the metals through physical bullion.
In the world of trading and investing, too many people confuse the issues; trading is not investing. Investments should be held for the reasons you bought them in the first place; investing is not meant to be active. Trading is about catching the moves in both directions without opinion, allowing you to make money on the investment and the trade.
We remain short all metals and have no desire to reverse the positions until the trend changes. There is no way to know when the trend is going to change, nor do we try to jump in a trade early. You must be patient enough to wait for the right time and leave emotion out.
Hedge your Portfolio: It is time to take your investing to the next level and Hedge your Portfolio. Never panic again, be a buyer when others are in a panic.
Saturday October 17th at Noon EDT