Gold and silver - setting up a big move

Gold and silver continue to struggle on direction. The rallies fail yet they will not sell off either. This is a true definition of a consolidating market. Eventually they will move from this range in one direction or the other. The longer it takes to breakout of this range the bigger the move will be.

For now, we assume the bigger move will be lower, but we also recognize that years from now gold, silver and platinum will be higher than they are today. Therefore, we buy physical for the future and will trade long or short now. The classic difference between trading and investing.

As we await the CPI inflation numbers this morning gold, silver and platinum are mixed. There could be a big mover from this number at 8:30 EDT which could define the next move. Silver has been dead for months in a tight range. The last 12 months the range has been $6.00, the year before seeing an $18.00 range. A big move is coming, and we will be ready.

Kitco