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Raging Bull podcast: Petra Hess goes off the charts, dislikes gold and gold miners

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Petra Hess of PetraPicks.com says that gold had trouble breaking through resistance last week, and that while political turmoil and other noise normally are good for precious metals, gold is not acting like the safe haven it used to be during times of political upheaval. She wonders if precious metals won’t be the safe play investors search out — and notes that Bitcoin may be playing that role now — and says she sold her gold ETFs on Friday and that it will take some market changes to feel comfortable with gold again.

Petra Hess runs PetraPicks.com. She is a technical swing trader and long-term investor in domestic and Canadian stocks and ETFs. The Raging Bull podcast features experts from the site talking with Raging Bull editor Chuck Jaffe on his show, “Money Life with Chuck Jaffe.” You can learn more about Chuck’s daily hour of market and personal-finance chat at MoneyLifeShow.com; you can subscribe to the Raging Bull podcast via iTunes and other podcast providers.

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