Wednesday Silver got hammered and Gold was under pressure. None of this was a surprise; we expected this type of action. Silver continues to make lows and Gold remains under pressure. Platinum has turned over as well and looks to reverse and test its recent lows.

Just looking at markets in general, higher interest rates are pressuring the metals and should continue to do so. The bond vigilantes are back and pushing rates higher. It appears they picked the perfect time to go after the FED and their ignorant policies.

As we have written for weeks if not months, the price action is brutal in metals and prices should continue to drop. For now, there doesn’t appear to be much good news for gold, silver, and platinum bulls to rest their hope on. At some point this pattern will change, the only question is how low can they go.

In all markets price action determines what will happen in the next day, week or months. Keep the two strategies separate, the worst trade anyone can make is turning a trade into an investment hoping for a way out. Traders must learn to take their losses and move on to the next trade.

Patience, discipline, and money management always win the day. Let the map of the markets show you the way.

Todd Horwitz Chief Strategist
Stop being a prophet and make profits

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2021-10-04 Monday Night Strategy Call Recording