In this week's podcast, I provide an Elliott Wave update for gold, silver, and platinum. I discuss the significant news that the CME is re-evaluating and raising margin requirements for gold, silver, platinum, and palladium, which I believe could lead to a substantial impact on the futures and options markets.
I analyze the recent strong rallies in the precious metals, particularly in silver and platinum, and explain the potential completion of intermediate wave 3 in gold.
I also examine the Elliott Wave patterns for silver and platinum, noting their dynamic and parabolic moves, and discuss the implications of the upcoming margin requirement changes on trading activities.
Disclaimer: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures ...
Disclaimer: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC Rule 4.41 – Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will, or is likely to, achieve profit or losses similar to those shown.