This Is the Key to Long- and Short-Term Gold and Silver Gains
August 05, 2020 at 05:00 AM EDT
Precious metals like silver and especially gold have had a stellar year, to put it mildly. The physical bullion-backed SPDR Gold Trust ETF, probably the easiest way to invest in gold, is up more than 30% this year. If you bought it at the March bottom, you'd be up even more, nearly 37% or so. Since the last great gold bull market ended in 2011, this is the most movement (and most profit) gold investors have seen. It's undeniably exciting. Thanks to the bull run, gold seems to be everywhere; Wall Street is talking about it again, ads for gold are everywhere on television, and mobile app-based traders are piling in. In the long term, they're absolutely right: Gold and silver will keep rising, and I'll show you why. But do not join the crowd. At least not yet. What's unfolding right now will burn many overeager traders before it creates a big buying opportunity. The real short-term opportunity I'll show you in a minute holds even bigger profit potential, and it won't be long in coming... Full Story The post This Is the Key to Long- and Short-Term Gold and Silver Gains appeared first on Money Morning - We Make Investing Profitable . The real short-term opportunity I'll show you in a minute holds even bigger profit potential, and it won't be long in coming... Tags: Gold To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.