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Gold in an up trend, silver in a downtrend both are miserable

Commentaries & Views

For our regular readers, you know we trade with the trend of our proprietary algorithm but always accumulate physical, gold, silver, and platinum. The recent action in metals has been awful, making the trading tough. However, the lower prices make the accumulation of physical metals attractive.

Platinum has made new lows since the flash crash lows from a month ago. Although gold is in an uptrend, the pattern looks awful and is in danger of reversing the trend. Silver is in the same category, ugly. Therefore, price action is so important; many believe that metals should be higher, they are not.

There is no doubt that the future for all the metals is bright; however, a lot can happen between now and then. The importance of avoiding the news could be one of the most important decisions you can make. You must remember, news or those that can deliver it usually have an agenda for the way it is reported. Price action is all that matters.

In all markets, price action determines what will happen in the next day, week, or month. Keep the two strategies separate. The worst trade anyone can make is turning a trade into an investment hoping for a way out. Traders must learn to take their losses and move on to the next trade.

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

On Monday Sept. 13 you are invited to our Monday Night Strategy Call. Start time is 4:30 EDT

2021-09-13 Monday Night Strategy Call registration

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.