Gold, silver manipulated, LOL

By Kitco News / October 11, 2021 / www.kitco.com / Article Link

Friday saw anotherhorrific jobs number which is exactly what the current administration wants.They want to keep stimulus as they work towards universal basic income andsocialized medicine. Gold was rallying just before the number and exploded justafter to $1,781.  By the end of the day,gold had closed lower on the day, proving the simple fact that the trend isyour friend. Silver managed to hold onto small gains while platinum exploded.Overall, once again, the price action dictated the price. We remain short goldand silver expecting gold to test those flash crash lows. As expected, the goldbugs came out with their manipulation theory which is about as ridiculous asthe earth is flat. All markets take a buyer and a seller to create the trade. OnFriday, buyers walked away as the bids dried up or were pulled, which happensin all markets when a big move is underway.  Remember, if you believethat the metals prices will be higher someday, you should be thrilled that thebids dry up and you can buy cheaper. Quit whining about manipulation. If youwant to buy, celebrate the lower price.  In all markets, priceaction determines what will happen in the next day, week or months. Keep thetwo strategies separate. The worst trade anyone can make is turning a tradeinto an investment hoping for a way out. Traders must learn to take theirlosses and move on to the next trade.  Patience, discipline, andmoney management always win the day. Let the map of the markets show you theway. Here is the registrationfor Monday 'sCall October 11th MondayCall Registration October 11th 4:30 EDTBy 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.

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