Factor Update, July 26, 2019

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Which aspect of trade management do you find the biggest day to day struggle?

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Precious Metals Trying to Break Free

Precious Metals

(This is an excerpt from the past weekend premium member report published last Friday morning the 19th)


Gold (NYMEX)

Perhaps we are finally involved in trade with a proper follow-through. Time will tell. The dominant chart construction in Gold is the completion of a 6-year inverted H&S bottom pattern wherein the right shoulder is a 3-year symmetrical triangle, as shown on the closing price chart.



This continuation H&S pattern can be seen as part of a historic bull trend as seen on the yearly line and monthly candlestick charts. This pattern has a target of 1800, although a retest of the ATH at 1920 is logical. A further P&F target exists at 2637.




The advance on Thursday completed a possible 3-week continuation pennant. If this is a half-mast pattern, the target is 1547, as shown with the grey arrows.  I am interested in buying a retest of the pennant if it occurs within the next couple of trading days.



Silver (NYMEX)

The advance this past week completed a possible 13- month “W” or double bottom on the weekly chart.



Platinum (NYMEX)

A 9-week horn bottom has been completed on the daily chart of the Oct futures contract.





Factor Membership


Peter Brandt is a 40+ year veteran of trading. Through his Factor Service, members receive:

checkTrading Commodity Futures with Classical Chart Patterns: A free PDF copy of Peter’s classic out-of-print book
checkWeekend Update: 10-16 pages full of in-depth chart analysis and charting commentary
checkAlerts: Detailed information on specific charts as unique opportunities present themselves
checkMarket Commentaries: Communications on specific topics regarding market speculation and trading distributed periodically
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View your Factor Member options here. You could consider your membership in the Factor Service as just one more trade. If the Factor Service is not of value to you, well, it is just one more trade that did not work.

Through the Factor Service I endeavor to alert novice and aspiring traders to the many pitfalls you will face – and to offer advice on overcoming those pitfalls. My goal is to shoot straight on what trading is all about. For more information watch my 30 minute webinar where we cover the Factor service in depth.

I hope you will consider joining the Factor community.





Factor Update, July 19, 2019 (early release)

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Factor Update, July 13, 2019

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The Hierarchy of Chart Reliability

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Factor Update, July 6, 2019

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