On Tuesday, Gold had a volatile session, from 10 higher to 10 lower closing around mid-range. Gold has been in a downtrend for months and finally looks to be totally breaking down. This morning about 3:00 am EST, Gold suddenly fell about 12.00. That by itself is not proof, however it looks like the start of a much bigger down move.
Silver in the same downtrend has not met the same fate as Gold, however that could be just around the corner. Silver has held up better than Gold but that could be changing this morning as well. We remain short and will stay there until the algorithm changes. For now, that day appears a long way away. Remember, conditions can change at anytime without warning.
Platinum has begun the exact opposite direction and looks like Gold and Silver turned upside down. We reversed to long Platinum yesterday morning and look for an extended rally.
The one thing we know for sure, we don’t know and will continue to follow the trend and the price action. No one can predict the future; we can only manage risk and follow the rules.