Metals managed a small gain onWednesday as equities regained all of Tuesday's losses. The fear, no-fear tradehas had no effect on the metals the last couple of days, which supports ourviews that markets trade independently and are not always correlated.
Gold has been consolidating forthe last four days as it tries to hold gains and keep the bottoms in place.Silver has been in congestion for months. Both metals now look poised for a runto the upside. The lows appear to be in, clearing the way for an extended rally.
Commodities are looking strongand are looking to continue their upward momentum. Gold and silver look likethey are ready to join the party. Our expectations are equities will sell off,bringing new money to commodities, especially gold and silver.
By Todd 'Bubba' HorwitzContributing tokitco.com
Follow @Bubba_TradingBubba@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.