NEW YORK ( TheGoldAndOilGuy.com) -- Gold and silver, along with their related miners, have been under a lot of selling pressure the last few months. Prices have fallen far enough to make most traders and investors start to panic and close out their long term positions, a bullish signal in my opinion.My trading tactic for both swing-trading and day-trading thrive on entering and exiting positions when panic trading hits. The general rule of thumb is to buy when others are fearful and cannot hold on to a losing position any longer. When they are selling, I am slowly accumulating a long position.
Gold, Silver Approach Major Long-Term Support
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts