This commentary is being written at 2:30 a.m. EDT, and gold, silver and platinum are slightly higher this morning. The Sunday night open was marginally lower. After hours of consolidating, they have started to break out to the upside on a short-term chart.

However, the overall pattern has not changed. They all remain in a longer-term downtrend, which we expect to continue. In other words, we are short and willing to sell more on this rally. In the last few days, gold has been stuck between $1,900 and $1,920 December futures, December silver futures have been trading between   $23.60-$ and January platinum futures are stuck between $880-$860 January futures. We are sellers of all three at the top end of these levels.

Nothing has changed with the long-term trend. We are short and will remain there until our signal changes. Remember, trading is about probabilities and win percentage. Our algorithm has a win rate of 66%, which is significant and profitable. We know that we will not always be right, but we are profitable.

Too many get confused by the news or general economic conditions when it’s always about the price action. Too many combine investing with trading, which usually spells doom for most. Personally, I own physical metals always and only buy to add on. However, I will trade either side of the market when trading, its that simple.
Hedge your Portfolio: It is time to take your investing to the next level and Hedge your Portfolio. Never panic again, be a buyer when others are in a panic. We are going to have an encore presentation