More price upside likely for silver in 2023
Welcome to Kitco News' 2023 Outlook Series. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2023.
Gann was born near Lufkin, Texas, in 1878. His rise to trading fame is a remarkable story. He was the oldest of many children on his family farm, and did not even finish grade school. Back then, it was not uncommon for the oldest boy to quit school at a relatively young age and stay at home to help out on the farm. However, W.D. did not want to be a farmer. He wanted to be a businessman. For a short period of time he worked for a brokerage in Texas while attending business school at night.
8. Equal distribution of risk. Trade in 2 or 3 different commodities if possible. Avoid tying up all your capital in any one commodity.10. Don’t close your trades without a good reason. Follow up with a stop loss order to protect your profits. 19. Never buy just because the price of a commodity is low or sell short just because the price is high.
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