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Gold, Silver, and Platinum, Positioned to go Lower

Todd "Bubba" Horwitz on Liberty Talk FM - Image Rotator Photo BY: Todd Horwitz, Senior FInancial Editor
PUBLISHED: December 22, 2021

Present Market action suggests much bigger move coming in the future for Gold, Silver & Platinum

Gold, Silver and Platinum are positioned to make another run to the downside. The trio of precious metals remain weak and without energy indicating lower prices are ahead. There is nothing that indicates this pattern is changing anytime soon.

While the metals reman solid long-term hard asset commodities, in the present they look to go lower. The sellers presently have control and continue to push them lower at every opportunity. Traders must remember that all markets trend based on the time frame, and as such the daily charts indicate lower prices are coming into view.

Reviewing the past year in Gold and Silver we have seen one of the tightest trading ranges in recent history. This type of action suggests that a much bigger move is coming in the future. However, no one knows when the move will occur nor the direction they will head. Nevertheless, we do know that the daily charts are trending lower, which is why we are short paper.

Looking over the 5 – 10 year horizon, we expect prices to be much higher but until the trend changes, we will continue to buy physical while staying short paper. It is up for individuals to decide based on their own circumstances whether they view themselves as a trader, investor, or both. If your answer is both, you must treat gold, silver and platinum as separate positions.

In all markets price action determines what will happen the subsequent days, weeks, or months. Thus, keeping the two strategies separate is imperative. 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.

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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.