SPDR Gold Shares (NYSE:GLD) – on sell signal.
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.
Sprott Physical Gold and Silver Trust (NYSE:CEF) – on sell signal.
VanEck Vectors Junior Gold Miners (NYSE:GDXJ) – on buy signal.
Silver: Speculation is in bull market values.
Data is supportive for overall higher prices.
Barrick Gold Corporation (NYSE:ABX) – a major component in the gold indices as well as GDX, had a very high volume day early this month, and has marked a bottom so far.
Summary
Long term – on major buy signal.
Short term – on mixed signals, the pullback is at or near completion.
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.
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