Gold and silver rally, real or trap kitconews gold silver finance mining investing metals economics
After the horrible trade the last couple of days, gold and silver are charging higher. The real question: is this another trap, or is the rally real? Unfortunately, we don’t know the answer; this could be the next leg up or a great selling opportunity.
As traders, we must remember that trends don’t turn that quickly; there are many signs and indications before it actually turns. Based on recent price action, we consider this a bounce in a bear market. Remember, the most vicious rallies come in bear markets.
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