Gold, equities struggle to find a direction

For weeks the metals, equities and other markets have created many challenges for traders. While the trends have been established, follow-through has not been there. In other words, most markets are consolidating as they prepare for the next big move.

What is clear one day is a muddled mess the next. Obviously, trend traders are finding challenges to trading. Gold, silver, platinum, equities, and softs churn. This type of price action known as congestion will eventually end and a much bigger move is coming.

We know for a 100% fact that there will be a move. What we do not know which way or how big it will be. Based on our algorithms, we are playing them to go lower; however, the algorithm can change as will we. For today, we are short gold, silver and platinum, and equites. That will not change until at least tomorrow.

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