by Avi Gilburt
This past week saw some very exciting movement in the metals. There was something for the bulls and the bears alike. But, for now, the bulls still have the edge, at least in my humble opinion. Yet, the price action and sentiment have many looking much lower now, and has scared many of those that were quite bullish coming into the week.
But, for anyone who has experience trading metals, you know that price movements in this complex are often quite violent. And, if you are not mentally prepared for such violent moves, which often occur at Fibonacci turning points, then you have no business playing in this arena. It simply has to be accepted, since the metals are one of the most emotional trades out there.