Last week we had a major move in gold and silver. This begs the question: Is the correction in gold and silver over?
When you look at the future long positions in gold you see a multi year low for small and large speculators. From a sentiment perspective this means that a trend change is under way. Similar happened in 10/08 the last major correction. From there gold almost tripled.
The chart of the gold etf shows that gold sits at the upper? end of the trend channel. ?This happened much sooner than I anticipated.
I showed already that silver?s move is already more advanced and it looks that it foreshadows what will happen in gold.
Silver miners are volatile bunch. If you want to avoid research headaches just invest in the etf slv or agq a double long silver etf.
My last recommendation the gold miner anv is doing well so far. If you would like to buy in, wait for a pull back.
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Source: http://www.investingadvisers.com/gold-and-silver-in-a-trend-change/
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