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Gold bulls try to make a case

Commentaries & Views

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Gold bulls are out in force as I measure the amount of mail received telling me I'm wrong. The bad news is that the trend is lower, and there are no indications that the pattern will change soon. That does not mean that as an investor owning gold is a bad idea. Here we write about trading ideas that can last days, weeks, or months.

Gold, silver and platinum look awful currently. Silver looks the weakest and should be 24, while platinum is in danger of falling below 1,000. Gold holds its own but is trending lower. Trends last for days, weeks, or months, but like timing, any market is a fool's game. Probability is our friend; we hit 66% and can make money at that rate.

Looking out years from now, I am an owner of gold, platinum and silver physical metals. As we watch the current action, there appears to be no better value proposition than platinum. We own them all, but for now, platinum would be our choice.

Continue to watch the miners; they are much weaker than the metals, signaling the selling isn't over when trading being prepared to reverse when wrong holds the key.

Patience, discipline, and money management always win the day. Let the map of the markets show you the way.

Here is our Monday Call, Saturday edition recording.

Monday Night Strategy Call Recording

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.