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That can't be right! gold lower, silver, platinum higher

Commentaries & Views

If you ever watched the movie “Trading Places,” there is a scene where Randolph and Mortimer had what they thought was inside information. While they watched the trade, frozen concentrated Orange Juice was supposed to rally but collapsed instead, destroying the Duke brothers.

As we watch the recent trading action in precious metals, gold has been and still is headed lower; meanwhile, platinum and silver have been trending higher. Proving once again the markets are always right and opinions never are.

Real success in trading comes from those who can be unemotional about the trade, understanding that markets go both ways. Trading is about following the path of least resistance, up or down. The news, economy are worthless indicators when it comes to trading.

Bottom line, all markets go up and down; most losing trades come from emotions and trying to time the news. Investors get too involved with day-to-day activity. Investors stay invested, traders trade.

Here is Saturday’s Recording of our Equity Portfolio using our proprietary Algorithms.

Recording: Equity Portfolio Management – Mechanical Algo Trading

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.