That can't be right! gold lower, silver, platinum higher
Kitco Commentaries | Opinions, Ideas and Markets Talk
Featuring views and opinions written by market professionals, not staff journalists.
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.