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Gold and silver collapsing

Commentaries & Views

Pressure continues to mount on gold and silver, both continue to violate significant levels as the collapse continues. Metals like all markets go through these phases and eventually look hopeless. Usually, the markets find a bottom; however, at this point, we see no such bottom yet. Eventually, we will have one, just not today.

Looking at silver, only the BS from Reddit and the fake short squeeze stopped silver from looking as bad as gold. One thing we know for a fact, the trends are lower, and our new targets are Gold 1650 April Futures and May Silver 24.5. Platinum has now reversed. We will no longer be actively trading because of the lack of liquidity. I will continue to cover in my commentary. The market is sufficient for investing, not trading.

The equity markets are in dire straits as well and this could be the start of a major sell-off. We are not predicting but are now shorting the equity futures. This mess has been brought to you by the FED and new policies. There is one simple fact, we have huge inflation, but the FED continues to say not enough.

I remind you, trends last until they don’t. The key to successful trading is the ability to follow the trend and be willing to reverse and not being stubborn that you are right. The markets are always right opinions seldom are.

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.