Wednesday, February 25, 2015

Gold Still in a Bear Market, But Don’t Lose Hope

We talked with the Gold and Oil Guy today, Chris Vermeulen. He says that Gold is still in a bear market, like it has been for the past three years. There’s an opportunity to pick up a quick profit when it rebounds from its current plunge, but don’t be fooled. It’s all setting up very nicely for the ultimate bull market that’s getting closer. Same with the much maligned Toronto Venture Exchange (TSX:V), which is at record lows due to its composition of miners and resource companies. Chris believes that when it comes back, it will come back very big, so consider the ETF. Chris is very bearish on Oil and doesn’t see it for quite some time, so don’t chase it lower. Believe the technicals, not your heart. Chris also runs an automated trading system that can trade for you on autopilot.
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