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.
SPDR Gold Shares (NYSE:GLD) ETF (Daily)
Market Vectors Gold Miners (NYSE:GDX) ETF (Daily)
iShares Silver (NYSE:SLV) ETF (Daily)
