If you are a horse racing enthusiast one of the biggest things to understand is the formation a horse is running. Everyone of us has good days, bad days and like horses we have form. At times when we are happy we may say “rounding into form” and of course when things are bad so is our form.
What does all this mean for Gold and Silver? Their form is good, but at the same time pressuring investors. Trends are the same as form and for now the form says Gold and Silver are headed lower, gold to 1700 next and possibly a lot lower, Silver to 26 with the next target 25.
The trends are good until they are not, Gold’s trend has been down since making all-time highs in August. Silver’s trend is only a week old and can still go either way, however the current trend as of now is lower. We only trade the trend and only buy and hold when we invest. If you can separate the two you are well on your way to success.