GLD (NYSE:GLD) – on buy signal.
iShares Silver (NYSE:SLV) – on sell signal.
GDX (NYSE:GDX) – on sell signal.
XGD.TO – on buy signal.
Sprott Physical Gold and Silver Trust (NYSE:CEF) – on sell signal.
VanEck Vectors Junior Gold Miners (NYSE:GDXJ) – on buy signal.
Speculation remains at multi decade low.
Speculation remains at multi decade low.
Summary
Long term – on sell signal.
Short term – on mixed signals.
Gold sector cycle is down.
COT data is at extreme levels which suggests that a recovery will soon occur.
Looking to exit our long term positions upon a recovery rally.
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.