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Contributed Commentaries

There is nothing new to report, gold and silver headed lower

Todd 'Bubba' Horwitz

Kitco Commentaries | Opinions, Ideas and Markets Talk

Featuring views and opinions written by market professionals, not staff journalists.

Commentaries & Views

While traders look for reasons to buy gold and silver, there is no reason to step in here. The precious metals remain in downtrends, with a higher probability of breaking to the downside until proven otherwise.

What I find interesting is marketing campaigns continue to tell us how high the metals are going. However, we know for sure that eventually, gold, silver and platinum will reverse and trend higher. Trying to guess when without price action and proof that becomes a fool’s game of hope.

Traders must learn that trading is never based on hope or false promises, but price action and trend. Add to that, when those who sell promises and hope are playing on the emotions of traders. Hope is a losing proposition when it comes to trading; price and trend will guide you.

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By Todd 'Bubba' Horwitz

Contributing to kitco.com

Contact Bubba@bubbatrading.com
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.