Thursday, we asked the question, have Gold and Silver bottomed? The markets reacted with a resounding yes with a 50.00 move in December Gold and 1.20 in December Silver. Platinum was higher as well but not far enough to trigger a reversal.

As of this morning we are now long April Gold and March Silver, liquidating the December shorts. The short positions in Gold and Silver paid off nicely. Now that we are long Gold and Silver the first support levels, we are watching March Silver 25.00 and April Gold 1940. We remain short Platinum, but a positive close would trigger a reversal there as well.

When you are trading the trend, you are looking to capture 70-80 % of all moves. Although we were able to identify the potential reversal in Gold and Silver, we still had to wait for the algorithm to confirm. We always warn about emotional reaction during the trading day which is why our signals are confirmed on the close.

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


Futures and Commodities with Andy Hecht and Technomental: We are now offering a comprehensive commodity report that complements our other services. The Techno mental Commodity Report comes out most weeks on Wednesday evenings and provides comprehensive fundamental and technical coverage of most commodities that trade on the futures and forwards markets in the US and UK, as well as stocks, bonds, and digital currencies.

Saturday November 7th at Noon EDT

Sign up here: Technomental Webinar with Andy Hecht Futures, Commodities and more