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Contributed Commentaries

Gold targets 1820

Todd 'Bubba' Horwitz

Kitco Commentaries | Opinions, Ideas and Markets Talk

Featuring views and opinions written by market professionals, not staff journalists.

Commentaries & Views

We are seeing a solid rally in gold, silver, and platinum this morning. Are the patterns reversing? We remain short across the board but can see a path to a reversal. A close above $1,820 gold is the key for change.

All markets have been wild since the start of 2022; over the past two days, there have been some big reversals in equities and now crude oil is exploding up almost $3.00 at $81 per barrel. The commodity markets are attracting new money with troubles brewing worldwide.

We will remain short until our algorithm changes but would not be aggressively selling here. Sometimes discretion is the word and today, that applies. When trading, you can’t be stubborn and must be flexible based on the market action.

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.

By Todd 'Bubba' Horwitz

Contributing to kitco.com

Contact Bubba@bubbatrading.com
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.