Gold Will Bottom Soon – What Do You Need To Know?

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Summary: 

  • Gold will likely bottom within the next 6 months.
  • There are a multitude of investment opportunities for gold.
  • The GLD ETF should be last on your list of long term investment opportunities.

I think it is time for another dose of reality for both those who have been severely battered in the metals market over the last 3+ years, as well as those who have followed our analysis at Elliottwavetrader.net, and have significantly profited during that same time.

While the sentiment of late has been shown to be quite bearish in the metals market, I still do not believe that a final low has yet been seen. But, since we have a set up in place to take us to those final lows within the next 2 months – assuming we maintain below the resistance levels I have cited in my shorter term analysis on my weekly Seeking Alpha articles, as well as the more detailed charts we provide at Elliottwavetrader.net, I think we can see even more extreme sentiment in metals before our final lows are met.

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