Markets are always interesting to watch as they go through their motions always ending up with a trend move. Timing those moves is always the challenge which is why we are mechanical traders without emotion or opinion.

Gold is still in a downtrend, but could possibly be showing signs of breaking out to the upside and reversing trend. As we look at Gold this morning, we know we will be short until at least tomorrow. However, just above 1860 April futures appears to be a potential reversal of trend spot.

While Gold remains short, Platinum is exploding to the upside and now making 6-year highs. The rally has been over 20% and shows no sign of slowing. The next target is 1300 and then higher. The only real issue with Platinum is the lack of liquidity.

We are long Silver which has just been churning around the mean for the past week after the huge rally we saw Sunday Night into Monday morning on the First of February. Silver must hold 26. Follow the trend and keep emotions and opinions out.

Todd Horwitz Chief Strategist
Stop being a prophet and make profits

On Saturday we are going to present our Hedging Model for the next class. Below is the link to register for this free event

Learn to Hedge your Portfolio Saturday February 13th Noon EST

We have also included a registration link for session 5 on Friday February 12th at 5:00 EST

2021-02-12 Options Training Session 5 Register here