This morning Gold, Silver and Platinum are spiking higher, the big question: Can the rally hold? There is no simple answer to that question, however until our algorithm changes, we will use this rally to add to our short positions. We are long Platinum and will enjoy the rally.

Gold and Silver have been in nasty short patterns since early August and just finished the month of November with a key reversal to the downside confirming the weakness in Gold and Silver. During big moves in either direction there will always be a big move counter the direction of the trend. For now, we will assume the rally this morning is simply a dead cat bounce.

Remember, we do not predict markets, we react to price action and stay with the trend until it changes. That means we will never buy the bottom or sell the top; we will capture the bulk of all trending moves. In other words, we are short Gold and Silver until the trend changes. Until proven otherwise we are short and will not reverse until the model changes.

Todd Horwitz Chief Strategist BubbaTrading.com
Stop being a prophet and make profits


Futures and Commodities with Andy Hecht and Technomental: Our webinar on Saturday was fantastic, here is the recording

2020-11-07 Techno Mental Futures and ETF Recording