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Gold and silver going lower

Commentaries & Views

Gold and silver are following the children's song, "The Wheels on the Bus." Prices going round and round describes the current pattern in markets. For months we have been trying to write about these markets and their current trends. Look at the charts and you will see that gold has gone nowhere while silver has worked lower.

This pattern sets up the possibility for a huge meltdown in the next couple of months. People keep giving me reasons why gold and silver should go higher; however, they have not. When everything points in one direction; yet, the asset itself goes the other, it is usually a sign that there are issues underneath the surface.

Our mantra remains: when you trade the news, you lose, which is playing out in markets as scripted. In other words, news is worthless and a guaranteed loser for those that follow it. Price action suggests that there could be heavy selling in gold and silver. Platinum has already started the meltdown.

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.

Here is the Recording of our Monday Night Strategy Call.

2021-09-13 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.