GLD (NYSE:GLD) on sell signal.
SLV (NYSE:SLV) on sell signal.
GDX (NYSE:GDX) on sell signal.
XGD (TO:XGD) on sell signal.
CEF (NYSE:CEF) on sell signal.
GDXJ (NYSE:GDXJ) on buy signal.
Speculation in gold is now at levels of previous bottoms.
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.