After failing at $1,860, gold has come below strain as soon as once more. Gold seems to be prepared to interrupt by way of the 1800 stage, presumably going to $1,750 based mostly on April futures. The divergence between gold and silver is turning into clear, particularly after we have a look at the ratio of 67-1 down from 120
As we wrote yesterday, gold and silver appear like they’re headed in reverse instructions; luckily, within the course of our positions. Silver’s subsequent actual take a look at to the upside is $28 March futures. Subsequent week we are going to begin quoting Might silver, which is about the identical value.
Platinum pushed up massive on Thursday earlier than reversing. This morning Platinum is barely decrease however nonetheless seems to be nice. The brand new help stage for platinum is $1,200 in April futures. If platinum holds the $1,200 stage, we count on the rally to proceed.
Our positions stay the identical, quick gold, lengthy platinum and silver. The value motion seems to be good for the positions we presently maintain however is at all times topic to alter.
On Saturday we’re going to current our Hedging Mannequin for the subsequent class. Under is the hyperlink to register for this free occasion
We’ve additionally included a registration hyperlink for session 5 on Friday February 12th at 5:00 EST
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