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Platinum Futures—Platinum futures in the October contract experienced a wild trading week settling last Friday in New York at 831 while currently trading at 851 up about $20 and traded as high as 892 in yesterday’s trade before a massive sell-off occurred. I have been recommending a bullish position from around the 868 level and if you took that trade…
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Gold Futures—Gold futures in the August contract settled down $12 an ounce at 1,808 in a highly volatile trading session as silver and platinum were also lower in today’s trade. In my opinion I think today was just profit taking breaking a 4 day winning streak, but I still do believe gold has significant room to run even though I…
TRADING THEORY—This rule is extremely important and I witness it being abused constantly creating tremendous loses that are sometimes difficult to come back from. Never add to a losing position because if the position continues to go against you and now you have added even more contracts which are all losing money your account will suffer loses much more…
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