Gold continues to move higher, Silver bounces from support – By Todd Horwitz, Bubba Trading

Though the last few days have been choppy in the metal markets, the patterns have held as scripted. One thing about trading any market is price is really the only thing that matters. Silver went to 17.5 March futures and is bouncing this morning. Gold has been hovering mid-range and is now pushing towards the top.
This morning the news will be covering the Corona Virus and telling you the reasons for this rally today is the new issues with the virus. We will say its just about the price action, we have written the same thing for weeks. As if we were seeing the future the metals have traded according to planBased on the current action gold is on pace to test the 1600 level based on April futures and Silver may reach 17.80 March futures. The ratio spread between gold and silver should continue to widen indicating Silver is headed lower and Gold headed higher.

Todd Horwitz
Chief Strategist

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.