Gold, silver and platinum grinding higher
Kitco Commentaries | Opinions, Ideas and Markets Talk
Featuring views and opinions written by market professionals, not staff journalists.
We all know those who trade and invest in gold, silver, and platinum have strong feelings in one direction. Some believe that there is no other asset class worth investing in and there are those who believe that everything is manipulated.
We continue to share with you what we think of the markets, the manipulation and price action. First, we are always long and owners of the physical metals as long-term investors. We don’t ever sell our physical ownership. Whether or not the metals are manipulated, they still go through the price discovery process. They have proven, over time like other assets, to appreciation.
Second, trading is not investing and being long or short, paper gold or silver is part of trading. Traders look for bigger returns in the short term. Trading is separate from investing; your position can constantly be changing based on the current trend.
Just remember what your goals are. Trading will create one set of goals while investing another. That is why we are always long-term bulls but short-term not afraid of either side.
On Saturday May 1 at Noon EDT, we are going to repeat our Hedging Program which includes the precious metals. Last week’s presentation was interrupted by some issues with Zoom, and many asked for the presentation to be repeated.