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Gold and Silver Create a Challenge in Quiet Markets

Gold and Silver create a challenge

As the summer ends, the challenge of trading markets has been as tough as it gets: volume and market action have been nonexistent. From equities to bonds, crude to soft commodities there is little action. Gold, Silver and Platinum are seeing the worst of it.

Although we have identified the trends in metals, the action is weak, Gold is in an uptrend & continues to drift in circles while Silver does the same but in a downward trend. The markets are in never-never land and appear to be stuck without any sign of escaping.

What we do know that this miserable pattern will eventually end. We also can assume that the long-term perspective of metals is higher. However, the short-term perspective and opinions can cause more grief than profits. There are many reasons to believe Gold, Silver and Platinum should be going higher, but they aren’t at present. The question is why, the answer is markets discover price, think about it!

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.

On Saturday September 4th I shared a webinar on Hedging, Futures and Day Trading. The recording is accessible via the link below:


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Todd Horwitz began his career in the financial industry as an option market maker at the Chicago Board of Options Exchange in 1982 and was one of the founding traders in the SPX pit. He is an active member of the am currently a member of the Chicago Board of Trade.