There is nothing new to report, gold and silver are going lower


While traders are looking for reasons to buy gold and silver, there is no reason to interfere here. Precious metals remain trending lower, with a higher probability of tipping lower until proven otherwise.What I find interesting is that the marketing campaigns keep telling us how high the metals are going. However, we know for sure that eventually gold, silver, and platinum will reverse and trend higher. Trying to guess when without price action and proof which becomes a silly hope game.

Traders must learn that trading is never based on hope or false promises, but on price action and trend. Add to that when those who sell promise and hope play on the emotions of traders. Hope is a losing proposition in trading; price and trend will guide you.

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Warning: The opinions 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 the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is for informational purposes only. This is not a solicitation to effect an exchange of commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept guilt for any loss and / or damage resulting from the use of this publication.



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