for Gold Avalanche
The Gold Miners, as represented by the GDX, are bleeding.
Click here for a live version of the chart: http://scharts.co/YeZfU7
For Long term investors, current levels present a compelling opportunity to either initiate a position, or to add to already established positions. There is a chance we haven't seen the bottom of the bear market in Gold and other commodities, but I am willing to bet that we are pretty close.
What I do know is that with current analysis, getting into the main indexes looks to be a bad plan. As someone who looks for value, I am just finding a more compelling case in the Gold and Silver markets than in general equities.
