GOLD 1860??
have rallied nicely since the trends have reversed. Silver and platinum have outperformed gold during that period. Gold continues to fight the major resistance level of $1,840. Siler and platinum have broken out and should pull back to support.
As we watch the equity sell-off, which started with the new year, it proves our point that precious metals are not a hedge but a hard asset commodity. There is nothing wrong with hard asset commodities; we believe all portfolios should have a representation of gold, silver and platinum.
However, we know that hard assets do not protect equities; they are a complement to them. We feel that the precious metals are preparing for a much bigger move higher. Still, like all markets, there are many levels that will be resistance until the big move comes. It is important to remember: slow and steady rallies trump straight-up spikes for duration and profit.
In all markets, price action determines what will happen in the next day, week, or month. Keep the two strategies separate. The worst trade anyone can make is turning a trade into an investment hoping for a way out. Traders must learn to take their losses and move on to the next trade.
Patience, discipline, and money management always win the day. Let the map of the markets show you the way.
As we watch the equity sell-off, which started with the new year, it proves our point that precious metals are not a hedge but a hard asset commodity. There is nothing wrong with hard asset commodities; we believe all portfolios should have a representation of gold, silver and platinum.
However, we know that hard assets do not protect equities; they are a complement to them. We feel that the precious metals are preparing for a much bigger move higher. Still, like all markets, there are many levels that will be resistance until the big move comes. It is important to remember: slow and steady rallies trump straight-up spikes for duration and profit.
In all markets, price action determines what will happen in the next day, week, or month. Keep the two strategies separate. The worst trade anyone can make is turning a trade into an investment hoping for a way out. Traders must learn to take their losses and move on to the next trade.
Patience, discipline, and money management always win the day. Let the map of the markets show you the way.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.