Natural gas prices are up almost 5% off the lows this week, representing a fantastic asymmetrical risk to reward at 17-month lows.
Phil Carr
We banked two more trades on gold, booking over 14,000 points of profit. Our average price over seven trades on gold was $4,193 per ounce, and we took profits on the recent breakout above $4,800.
Phil Carr
We are rotating profits from gold to add more exposure to natural gas at the swing lows.
Phil Carr
WTI crude oil has reclaimed back above $93 US per barrel.
Phil Carr
Silver is trading just under $80 US per ounce, gold is consolidating just under $4,800 per ounce.
Phil Carr
Going into next week and the last week of April, we will get the FOMC statement, so there is potential for a lot of volatility and profit taking at the end of April.
Phil Carr
I would welcome more pullbacks as we go into the end of April and 'sell in May and go away' to reload on those markets.