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Today ends 2021; the year in metals was not pretty. Gold, silver and platinum all closed lower from where they opened the year. None of them could seem to get a consistent trend. Silver had one of its tightest trading ranges in years.
As we look ahead to the new year, we would expect much of the same action. However, they appear to be setting up for a much bigger move - direction to be decided. A case can be made for either side and probably will make big moves in both directions.
We could see as low as $1,450 in Gold and see new highs; platinum could bring $800 and new highs, silver under $20 and $35. The compression we have watched suggests we could see either of these moves or all of them. We can confidently say that 2022 will bring a ton of volatility and big moves in both directions.
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.
On Monday, Jan. 23, 2022, we will resume the Monday Night Strategy Call at 4:30 EST.
2022-01-03 Monday Night Strategy Call
By Todd 'Bubba' Horwitz
Contributing to kitco.com
Buy Gold and Silver on Dips and earn monthly yields on holdings
