Gold traders are messed up right now. Gold makes a record high, then plunges to shake out the chase gold amateurs.
The silver market seems a little safer and less likely for traders to take profits the day after you buy. Silver is inching towards an all-time high level and platinum, well, platinum is always jacked up.
In the video below, my bud Brad with Market Club is back to analyze the gold, silver, and platinum markets.
The video below cracked me up when Brad first performs technical analysis on gold and he sees the conflicting technicals and then says, “Well… you have to decide to do what is best for you.” Right on Brad. Nice to cover that just in case someone thinks about deciding what is NOT in their best interest.
Brad’s comment really touches on the difficulty of reading gold right now. If you want a little more guidance on where gold is likely headed, check out the U.S. dollar chart.
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