Instant replay gold and silver sitting patiently
Monday was like the previouscouple of weeks for gold and silver; they made a charge to breakout to theupside but failed. Platinum did the same and the $40.00 rally only reached thetop of the range. The pattern is the key, and it remains the same as a bridgeto nowhere.
This morning, gold, silver andplatinum are flat to slightly lower. Our expectations have not changed, we arelong, and the trend is higher. However, immediate gratification is promised tono one. We must have the patience and determination to allow markets to tell uswhat to do.
The charts are a giant road mapthat sends signals on making the correct turn. Some of the time the map isoutdated, giving us the wrong direction, but over time there is no greatersource for directions. The biggest problem for most, they want to decide wherethe next move will be; they choose to ignore the signs.
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.
Here is the recording from ourMonday Night Strategy Call
2021-11-01 Recording: MondayNight Strategy Call
Contributing tokitco.com
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