Peter Brandt: The Rise of Precious Metals is One of the Biggest Market Moves in My Career.. And I Don't Know Where Prices Will Go
Veteran trader Peter Brandt, who has over 50 years of experience in the markets, confirmed that the rise of precious metals represents one of the biggest market moves in his professional career.
Brandt stated on his account on platform X:
"Precious metals.. I have no idea about the direction of prices. This is undoubtedly one of the biggest market moves I've witnessed in my professional life — I've noticed it partially, but I couldn't fully capitalize on it as it deserves."
He added, sharing advice from his mentor at the CBOT exchange, Dan Markey from Cargill, who repeated it to him several times: "At a certain stage of any massive movement, you will see that this movement is exaggerated. Markets do not allow exaggeration forever."
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