Silver and gold — traps for capital

Posted on Oct 03, 2014 by in Uncategorized

http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=2&mn=9&dy=0&id=p43220082674&a=255869372

Gold and silver are in extended downtrends.  Worse for gold it has just broken to new lows on a gap down.  Being long is an invitation to a diagnosis of masochism.  Buying these issues before they form bottoms and show strength is a good way to dispose of capital.

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