The Duke brothers are selling gold
Kitco Commentaries | Opinions, Ideas and Markets Talk
Featuring views and opinions written by market professionals, not staff journalists.
The Dukes know something, they are selling gold and silver. The weakness in the metals continues to follow the trend; every rally, the sellers show up. Obviously, the trend will last until it doesn’t. Sellers will continue to dominate the markets until they don’t.
All markets have the same characteristics and go through the same action. Up, down, and sideways. When trading, we look for the path of least resistance; we are not prophets who can determine the future. We simply follow the trends the markets leave, making big profits or taking losses. The key is to let winners run and cut losers short.
Looking at gold, silver and platinum for what they are is easy; they are hard asset commodities. Unfortunately, too many get so emotional about the metals they let their judgment be clouded by their emotions. Trading is just a matter of fact without any of the outside influence of opinions and emotions. Trade what you see, cut losses when wrong and move on to the next trade.
I have no doubt that gold, silver and platinum will be significantly higher someday; like other hard assets, their values will grow over time. However, confusing investing and trading can be an expensive mistake. Investors should buy, hold and enjoy with the funds they won’t need tomorrow.
Here is Saturday’s Recording of our Futures part time day trading webinar