It's Still Not The Time To Invest In Gold, Silver Or The Miners
Kay Kim | Mar 30, 2016 07:28PM ET
Though we've seen some bullish rally/spike in the last 2-3 months, I still don't think this is the level to start investing (you can swing trade it or day trade it, but I am talking about the long-term outlook -- check out my last video ).
As long as we are range bound in that "falling channel", the long-term sentiment continues to be bearish.
I would like to share several charts in this article as a reference point that as long as we are below this level, we should be cautious for anything long-term on gold, silver, and the miners.
h3 SPDR Gold Shares (NYSE:GLD) ETF (Daily)/h3
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