Like the soap opera’s, Gold, Silver and Platinum are keeping is on the edge of our seat. In recent trading action rallies have failed but left us close enough to consider reversing to the long side of the market. However, everyday has ended the same keeping us short.

We know for a 100% fact that one day we will be long again. For now, the price action remains negative and there is no reason to get long until price action indicates to do so. We have indicated many times that our trading decisions and investing decisions are not always in sync. We are always long the metal via physical metals, trading decisions trade either side of the market.

Gold resistance has changed and is now 1940 resistance December futures. The underlying pattern does not look bad and gold may be getting closer to changing. December Silver, like Gold, continues to fail, however the same underlying bullish appearance is there. At his point Platinum is much closer to reversing, for today we are short across the board.

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. We are going to have an encore presentation

Saturday October 24th at Noon EDT

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

Recording from Saturday

Hedging Recording from Saturday October 17th