SPDR Gold Shares (NYSE:GLD) – on buy signal.
In a bull market, the 200ema often acts as support for pullbacks and corrections, where investors accumulate positions for the long term.
iShares Silver (NYSE:SLV) – on buy signal
VanEck Vectors Gold Miners (NYSE:GDX) – on buy signal.
iShares S&P/TSX Global Gold (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
Speculative activity favors overall higher gold prices.
Speculative activity favors overall higher silver prices.
Our stocks/gold ratio (via HUI) is now at the same level as Dec 2016 with a divergence to boot.
Summary
Long term – on major buy signal.
Short term – on buy signals.
Gold sector cycle is down.
COT data is supportive for overall higher metal prices.
We are holding long term positions.
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.