GLD (NYSE:GLD) – on buy signal.
SLV – on buy signal.
GDX (NYSE:GDX) – on buy signal.
TO:XGD – on buy signal.
Central Fund of Canada Ltd (NYSE:CEF) – on buy signal.
VanEck Vectors Junior Gold Miners (NYSE:GDXJ) – on buy signal.
The multi month consolidation we’ve been monitoring is now at completion.
During the last bull market, a multi month consolidation has yielded an average of 100% gain upon breaking out.
We cannot predict, but we can prepare.
Summary
Long term – on major buy signal.
Short term – on buy signals.
Gold sector cycle is now up.
COT data is supportive for overall higher prices.
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.