Once again Gold, Silver, and Platinum are churning within a trading range. There are always questions about the patterns they trade in. Throughout history, traders and investors have tried to guess where the bottom or top of any market is, usually at great expense from being wrong.

After watching the equity market take off this week and spiking higher every day, are the metals starting to follow? We do not know the answer with 100% certainty. Anyone who tells they do is a liar or a loser. However, many will continue to try especially when looking for the bottoms.

Although we remain short Gold, Silver and Platinum we can see a possible bottoming process. We will not change direction until this move confirms that indeed the bottom is in and a rally starts. We will never sell the top or buy the bottom, we are trying to capture the 70% in between.

To be successful when trading markets you must wait for a move to confirm direction and trade with enough capital to deal with margin and a drawdown that can happen at any time. It is always best to use a systematic approach with strict rules, no matter what.

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