While the Gold bulls continue to insist that the bottoms are in, the simple fact is they are not. Unfortunately, there are too many that get too emotional about their opinion versus the simple facts in front of them. In the case of metals our short-term call remains bearish.
Too many investors confuse trading and investing which causes more loses to the average investor than profits. First, you must determine what your objective of the trade is, second you can never mix the two strategies.
Although I am a long-term Gold and Silver Bull, I own a lot of physical of both. However, as a trader, I have no opinion, my objectives are to make money. Too many cannot separate the short-term emotion from their long-term goals. When trading you have one objective, to make money on what you trade, no matter what your opinion is.
We make no promises on any one trade, we are grinding out profits over the long run. We will remain short Gold, Silver and Platinum, we will not change until our signal changes no matter what the news or overall sentiment is. It’s that simple.
Todd Horwitz Chief Strategist BubbaTrading.com
Stop being a prophet and make profits
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