Gold appears to be headed back to support. If you remember one thing is your trading and investing career it should be this simple message. By Todd Horwitz, Bubba Trading.

 

The metals have been in one of the most predictable patter traders can ask for. Every level in the market footprint has resulted in a move that was expected. In other words, there are no surprises in the metals trade.

Although many look to the news or events to react to the price of gold and silver the bottom line is the metals like every other market price in the events before they happen. This happens because the news flow is much faster than it’s reported and more predictable.

If you remember one thing is your trading and investing career it should be this simple message. When the news hits the wires and TV all the insiders, big banks and investors have already made their bets based on that news. When you see it know that you are not the first and if you try to trade on it you lose

Todd Horwitz
Chief Strategist
BubbaTrading.com

Financial Markets and Political Commentary
 

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About the author

Todd Horwitz - Author of “Average Joe Options“. Todd began his trading career in 1980 at the CBOE. He was one of the original traders in the OEX & helped start the SPX. He is a member the CME where he trades S&P futures as well as foreign currencies & is a regular contributor to CNBC, Bloomberg, BNN, Fox & many other major news networks.