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This Past Week In Precious Metals: Gold Sector Cycle Is Down

Published 07/02/2017, 03:27 AM
Updated 07/09/2023, 06:31 AM
XAU/USD
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XAG/USD
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GC
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SI
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GLD
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SLV
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CEF
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GDX
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GDXJ
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XGD
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GLD Daily Chart

GLD (NYSE:GLD) on sell signal.

SLV Daily Chart

SLV (NYSE:SLV) on sell signal.

GDX Daily Chart

GDX (NYSE:GDX) on sell signal.

XGD-TO Daily Chart

XGD (TO:XGD) on sell signal.

CEF Daily Chart

CEF (NYSE:CEF) on sell signal.

GDX Daily Chart

GDXJ (NYSE:GDXJ) on buy signal.

Gold Daily Chart

Speculation in gold is now at levels of previous bottoms.

Silver Daily Chart

Speculation in silver is now at levels of previous bottoms.

Summary

Long term on major buy signal.

Short term on mixed signals.

Gold sector cycle is down.

A major consolidation is in progress but now near completion.

Holding long for long term gains.

Disclosure

We do not offer predictions or forecasts for the markets. What you see here is our simple trading model which provides us the signals and set ups to be either long, short, or in cash at any given time. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets. Trade at your own discretion.

We also provide coverage to the major indexes and oil sector.

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