GLD and bullion funds headed for lengthy terrible bear market
The distribution top in all things gold and silver appears to have ended as smart pros appear to have passed stock to amateur fools.
That is why, after a prolonged 10 year rally, now both GTU and CEF have been going nowhere for the entire past year, albeit a nowhere that has a very distinct downward bias.
Now it is safe to say that gold and silver have begun bear markets, and the previous bear lasted 20 years. Definitely not smart to own gold or silver today, not the bullion, not the bullion funds, and certainly not the mining stocks.