Gold Is Entering Its Liquidation Phase
In the next year, the outlook for gold prices will go from bad to worse.
Particularly for the next three to six months, a liquidation phase in the current cyclical bear market in gold is likely to develop. Unless investors have an unusually long-term timeframe and an extraordinary level of tolerance for short-term losses, investors should eliminate any holdings of ETFs, such as SPDR Gold Shares (GLD), Market Vector Gold Miners (GDX) and Market Vectors Junior Gold Miners (GDXJ) or individual gold stocks such as Newmont (NEM), Barrick Gold (ABX) or Goldcorp (GG) from their portolios.
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