The battle is on between the bulls and bears for the next big move in Gold, Silver and Platinum. The markets move just enough higher before sellers show up and force out the weak hands. When they reverse, they move down enough to shake out the weak hands once again. This continues to repeat until either the bulls or bears take control.

Our current position is short and will assume for now the sellers will win the battle, of course there are no guarantees what the markets will do next. We can only play the direction of the highest probability which for now is lower in Gold, Silver, and Platinum.

Today is job’s Friday, which can create big movement in either direction. Today’s swings can be wild, they could move big both ways or they can define direction. The expectations are priced in and we will be watching the reaction to what is priced in. When trading be flexible not opinionated.

Precious metals should be owned on a physical basis with capital that is not needed tomorrow or anytime soon. Trading should be done with paper knowing that we can trade either side without emotions.

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

On Saturday February 5th, 2022, at Noon EST we will be hosting our webinar on Hedging your equity portfolio. If you would like to learn how to protect your assets Register below.

2022-02-05 Hedge When You Can