This commentary is being written at 2:30 a.m. EDT, and gold, silver and platinum are barely increased this morning. The Sunday night time open was marginally decrease. After hours of consolidating, they’ve began to interrupt out to the upside on a short-term chart.
Nonetheless, the general sample has not modified. All of them stay in a longer-term downtrend, which we anticipate to proceed. In different phrases, we’re brief and prepared to promote extra on this rally. In the previous couple of days, gold has been caught between $1,900 and $1,920 December futures, December silver futures have been buying and selling between $23.60-$ and January platinum futures are caught between $880-$860 January futures. We’re sellers of all three on the high finish of those ranges.
Nothing has modified with the long-term development. We’re brief and can stay there till our sign adjustments. Bear in mind, buying and selling is about possibilities and win proportion. Our algorithm has a win fee of 66%, which is critical and worthwhile. We all know that we’ll not all the time be proper, however we’re worthwhile.
Too many get confused by the information or common financial circumstances when it is all the time concerning the worth motion. Too many mix investing with buying and selling, which normally spells doom for many. Personally, I personal bodily metals all the time and solely purchase to add on. Nonetheless, I’ll commerce both aspect of the market when buying and selling, its that easy.
Hedge your Portfolio: It’s time to take your investing to the subsequent degree and Hedge your Portfolio. By no means panic once more, be a purchaser when others are in a panic. We’re going to have an encore presentation
Saturday October 24th at Midday EDT
Signal up right here:
Hedging your portfolio by risky occasions – Study to Hedge
Recording from Saturday
Hedging Recording from Saturday October 17th
Disclaimer: The views expressed on this article are these of the writer and should not mirror these of Kitco Metals Inc. The writer has made each effort to make sure accuracy of knowledge offered; nonetheless, neither Kitco Metals Inc. nor the writer can assure such accuracy. This text is strictly for informational functions solely. It’s not a solicitation to make any alternate in commodities, securities or different monetary devices. Kitco Metals Inc. and the writer of this text don’t settle for culpability for losses and/ or damages arising from using this publication.