News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
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US Bans American Banks from Purchasing Russian Sovereign Debt
US Bans American Banks from Purchasing Russian Sovereign Debt
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Gold Market Wire

News, analysis and commentary for gold traders and investors

Gold Market Update

Season of Market Crashes Prompts Move to Cash

September 13, 2021 - (Gold Market Wire) - The holidays are over and the traders are returning to the desk to get ready for what is the most prominent season for market crashes and sell-offs: September through October. Already the signs of nerves are appearing, as equity markets lose momentum and begin to stall. The sound of feet rushing to cash is getting more pronounced, and the precious metals market is not immune. Friday's finish was a failure for the bulls, and as advised in our last missive, holding the trend line was critical for us to maintain a bullish posture. We didn't. We failed to maintain it, and, as such, we have exited the market. We are battening down the hatches, waiting to see what "storm season" brings.

First up - Silver:

the trend line fails

No snap back for Silver this European a.m. The outlook is weak. We are following through on Friday's ominous looking "close on the lows". The discipline has kept us in good stead. Our profit taking early on September 7 was the right move and the balance of the position was cut with only a 'grazed knee'. We are out of the trading position. Core positions are still in the money, but if we don't see remarkable turnaround this morning, we will take our profit and exit. Yes, we know: this isn't the way that core positions are supposed to be managed. But these are schizophrenic days - and we must keep time with the market.

As for Gold, we have slipped under the horizontal line; not encouraging.

the horizontal marker

It certainly seems strange that, at a time of ebbing confidence (the Capitol Wall is going back up aka "Fortress Pelosi"), that the Metals should be weak. But, when the market panics - everything gets liquidated at first. The Metals market is small, and cannot withstand an equity liquidation. It's really as simple as that. If we get a stock market sell-off, it is likely to present a significant buying opportunity in Gold and especially Silver. For that, a traders' arsenal needs to be rich in cash.

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