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Gold on its way to 1700, Silver 26

Commentaries & Views

If you are a horse racing enthusiast, one of the biggest things to understand is the form a horse is running. Every one of us has good days, bad days and like horses, we have form. When happy, we may say rounding into form and of course, when things are bad, so is our form.

What does all this mean for gold and silver? Their form is good, but at the same time pressuring investors. Trends are the same as form and for now, the form says gold and silver are headed lower, gold to $1700 next and possibly a lot lower, silver to $26 with the next target $25.

The trends are good until they are not, gold’s trend has been down since making all-time highs in August. Silver trend is only a week old and can still go either way; however, the current trend as of now is lower. We only trade the trend and only buy and hold when we invest. If you can separate the two, you are well on your way to success.

On Saturday May 6 at Noon EST, Andy Hecht and I will be a webinar on our newest addition to our Technomental Commodity Report. Please join us and register below.

Technomental Commodity Webinar Saturday March 6th Noon EST

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.