Gold, silver and platinum should continue lower
Kitco Commentaries | Opinions, Ideas and Markets Talk
Featuring views and opinions written by market professionals, not staff journalists.
As much as many continue to look for higher metal prices, they all should continue headed south. There is no reason to believe that the current down trend is changing anytime soon although it is inevitable that it will. The only question is when?
As much as many continue to look for higher metal prices, they all should continue headed south. There is no reason to believe that the current down trend is changing anytime soon. However, it is inevitable that it will. The only question is when?
Many of you know that we don’t have opinions on markets; we trade them all mechanically. Our proprietary algorithm makes the decision for us, with that there is no opinion or emotions. We are always owners of physical metals, but that has no bearing on what we are trading in paper. Too many confuse trading and investing, which is a huge mistake.
We don’t look for reasons to buy or sell. We follow the price action and the trend. Those who look for reasons usually end up losing and wonder why their logic failed. The answer is simple; all markets are pricing in movement long before you formulate your opinion.
Traders that can be objective without bias have success, those that insist on be right almost always lose. Until proven otherwise, we are short all of the metals and will be short until there is a reason to buy, which for now looks far away.
On Saturday May 6, Andy Hecht and I hosted a webinar on our newest addition to our Technomental Commodity Report. Below is the recording.