Now you see why we wait for our signals to reverse before we react. Gold, Silver and Platinum have turned ugly once again breaking to the downside. The pressure is on, the metals look ready to head lower.
There are no guaranties in anything but based on the patterns and the footprints the markets are leaving, this sell off could get ugly. The key levels to watch on the downside are, Gold 1790 – 1800 August Gold, 2500-2530 September Silver and 1050-1075 October Platinum.
Gold traders and investors believe that there is a big move to the upside as they believe equities are going to crumble. Everything is a possibility, however trying to predict the future with no real basis is a fool’s game. Those who exercise patience and follow the map left by the markets will always come out ahead.
Patience, discipline, and money management always win the day. Let the map of the markets show you the way.
Todd Horwitz Chief Strategist BubbaTrading.com
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