SPDR Gold Shares (HK:2840) (NYSE:GLD) – on sell signal.
iShares Silver (NYSE:SLV) – on sell 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.
Gold Futures Speculation is in bull market values.
Silver Futures Speculation has a long way to go before becoming frothy.
A massive multi year bottoming pattern is in progress.
Summary
Long term – on major buy signal.
Short term – on mixed signals.
Gold sector cycle is up.
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.
We also provide coverage to the major indexes and oil sector.