Gold and silver traders' emotions run high
Wednesday was FED Day or themeeting of the three blind mice. Either way, they once again showed howclueless they are. The FED has changed their transitory call on inflation to:it will be transitory. Inflation is not transitory, and it is hotter than theywill admit
Before Wednesday's FED Decision,gold, silver and platinum were getting clobbered before a late-day rally cutlosses in gold and platinum. Silver closed higher on the day. The pressure onmany gold bulls was unbearable.
This morning as of 6:00 EST,gold has regained most of Wednesday's losses; silver is nicely higher alongwith platinum. What the price action shows us is that the trend is still higherwhile the precious metals wallow in the torture chamber of congestion.
We are long and are nowhere nearreversing. Today's early rally should continue to follow through. The patternand price action suggest a much bigger move is coming. The move can be eitherway; however, all signs favor higher.
In all markets, price actiondetermines what will happen in the next day, week, or month. Keep the twostrategies separate. The worst trade anyone can make is turning a trade into aninvestment hoping for a way out. Traders must learn to take their losses andmove on to the next trade.
Patience, discipline, and moneymanagement always win the day. Let the map of the markets show you the way.
Thursday 11/04/21 at 10:00 amEST, I will present our new portfolio models that use Mini/Micro Futures,including Gold, Silver and Bitcoin
2021-11-04 Bubba's Micro/MiniFutures presentation
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