Email of the day - on trading precious metals.
Comment of the Day

October 09 2019

Commentary by Eoin Treacy

Email of the day - on trading precious metals.

I would like to get inside your thinking about PMs and silver in particular. As I recall from your seminar, this chart demonstrates (somewhat bearish) lower highs and lower lows since early Sep, similar to say Feb_Mar. How far does it have to pull back to tell you "now is the time to buy"? 16 looks like a major area of support - is that your target? Could you sell at say 18-18.5, then buy back, or do you prefer to accumulate? Where do you look for clues on timing?

Eoin Treacy's view

Thank you for this question which may be of interest to other subscribers. The one thing I have learned in nearly 20 years of education in the markets is when trading precious metals, one needs to be prepared to be surprised. Let’s took at the technical picture in silver.

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