SPDR Gold Shares (NYSE:GLD) – on sell signal.
iShares Silver (NYSE:SLV) – on buy signal.
VanEck Vectors Gold Miners (NYSE:GDX) – on sell signal.
iShares S&P/TSX Global Gold (TO:XGD) – on sell signal.
Sprott Physical Gold and Silver Trust (NYSE:CEF) – on sell signal.
VanEck Vectors Junior Gold Miners (NYSE:GDXJ) – on sell signal.
Speculation is in bull market values.
A closer look shows the uptrend is intact, with COT data now favorable for higher prices.
COT data is favorable for overall higher prices.
A massive bottoming pattern 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.
Conditions are now favorable for higher prices in coming weeks and months.
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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