Despite many Gold bulls calling for higher prices, the rallies are still weak. One thing we know for sure, markets don’t announce them, and direction can change anytime. However, the overall weakness of markets and lack of activity can only create an exaggerated move in either direction.

We remain short Gold and Silver and will not reverse our trading position until the trend changes. Silver looks the worst of the group and shows no sign of reversing. Platinum continues to be the strongest of the group but still has work to do.

Once again remember trends last until they don’t, and investors should not let short-term trends affect their long-term goals. Like equity markets, we are always long physical metals while trading the futures.

Patience, discipline, and money management always win the day. Let the map of the markets show you the way.

Todd Horwitz Chief Strategist
Stop being a prophet and make profits

On Saturday I will be hosting a webinar on Part Time Day Trading. Here is a free registration link:

2021-08-14 Part Time Day Trading Futures – Noon EDT