Trading Plan – Monday 10th August 2020: SILVER gets promoted to the watchlist

Mark NugentAug 2020, Trading Plan

Trading Plan – Monday 10th August 2020: SILVER gets promoted to the watchlist

We are seeing a very quiet start to the week. Risk sentiment is indecisive with little or no movement in equity indices, GOLD, WTI, currencies and the US 10Y yield.

The biggest movers last week were GOLD and SILVER, despite profit taking on Friday after good US economic data.

As always, in the member’s video, I go through the current state of the markets and what is on my trading shortlist for this week. You don’t need the powers of clairvoyance to know my shortlist will include GOLD. I have added SILVER to the watchlist for the first time. SILVER has outperformed GOLD (yes, really) since March when GOLD broke out of its last sideways period, so SILVER definitely merits its place on the bench.

Members can also view the video on last week’s Trade 44 (GOLD long) which netted a gain of 6.7% on a 1% risk.

I’ll be back on Wednesday. Have a great week.

VIP Club members can watch the video HERE