Gold and silver - setting up a big move

Contributed Commentaries

Todd 'Bubba' Horwitz

Tuesday July 13, 2021 08:25

Kitco Commentaries | Opinions, Ideas and Markets Talk

Featuring views and opinions written by market professionals, not staff journalists.

 

Commentaries & Views

 

Gold and silver continue to struggle on direction. The rallies fail yet they will not sell off either. This is a true definition of a consolidating market. Eventually they will move from this range in one direction or the other. The longer it takes to breakout of this range the bigger the move will be.

For now, we assume the bigger move will be lower, but we also recognize that years from now gold, silver and platinum will be higher than they are today. Therefore, we buy physical for the future and will trade long or short now. The classic difference between trading and investing.

As we await the CPI inflation numbers this morning gold, silver and platinum are mixed. There could be a big mover from this number at 8:30 EDT which could define the next move. Silver has been dead for months in a tight range. The last 12 months the range has been $6.00, the year before seeing an $18.00 range. A big move is coming, and we will be ready

Patience, discipline, and money management always win the day. Let the map of the markets show you the way.

Recording for our Monday Strategy Call with Andy Hecht below.

Monday Night Strategy Call Recordin

By Todd 'Bubba' Horwitz

Contributing to kitco.com

Bubba@bubbatrading.com

www.bubbatrading.com/



Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

 

Gold and silver - setting up a big move  (Tuesday July 13, 2021 08:25). Reuters. Retrieved July 13th, 2021, from https://www.kitco.com/commentaries/2021-07-13/Gold-and-silver-setting-up-a-big-move.html

 

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