Crazy markets create opportunities and the action in Gold, Silver and Platinum are no different. Trading the congestion pattern is challenging, however the pattern itself creates opportunity to add and manage a position with the longer-term trend.

Remember we are investors as well as traders, meaning that our investments and trades can be on the same side of the market or for short term periods on opposite sides. This is the case now, as traders we are short, as investors we are always long the metals through physical metals.

In the world of trading and investing too many people confuse the issues, trading is not investing. Investments should be held for the reasons you bought them in the first place, investing is not meant to be active. Trading is about catching the moves in both directions without opinion, allowing you to make money on the investment and the trade.

We remain short all metals and have no desire to reverse the positions until the trend changes. There is no way to know when the trend is going to change, nor do we try to jump in a trade early. You must be patient enough to wait for the right time and leave emotion out. 

Todd Horwitz Chief Strategist
Stop being a prophet and make profits

Hedge your Portfolio: It is time to take your investing to the next level and Hedge your Portfolio. Never panic again, be a buyer when others are in a panic.

Saturday October 17th at Noon EDT

Sign up here: Hedging your portfolio through volatile times – Learn to Hedge