DO THE CHARTS SAY TO SELL STOCKS AND BUY GOLD BEFORE A BREXIT? $SPY $QQQ $GLD $SLV $GDX $GDXJ $DUST $NUGT $VXX $XIV
Traditional technical analysis would say the S&P 500, represented here by the SPDR S&P 500 ETF Trust SPY, has failed again near new highs. Gold, on the other hand, represented by the SPDR Gold Trust GLD, is breaking out to the upside. Therefore, it is a no brainer to sell stocks and buy gold. Correct?
I get a very large number of emails. The emotional reaction of many investors is the same. To all of this, I would say, “not so fast.” There is another side to this involving British people voting to remain in the European Union (EU). If this comes true, stocks may rally and gold may fall.… Please click here or the title below to read more.
June 16, 2016