Last week, commodities moved higher as investors started buying into the recent pullback in prices. This is a healthy sign for the overall market. This is a quick update for gold, silver, oil and natural gas short term traders.
Gold has provided us with two great trades this year. Both trades lasted only a few weeks and we locked in profits on technical breakdowns. Many of you have been asking when we will get a short signal (make money in a down market). Well, I don't like shorting a commodity that is in rally mode. KISS is my mentality and trading only with the major trend is what I focus on.
Click here to read more about money flowing back into commodities.
