SPDR Gold Shares (NYSE:GLD) – on sell signal.
iShares Silver (NYSE:SLV) – on sell 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 remains at multi decade low, allowing for a potentially substantial short covering rally in the near future.
Speculation remains at multi decade low.
Tradable bottom remains in place.
VanEck Vectors Gold Miners (NYSE:GDX)
Prices found support and rallied sharply.
Summary
Long term – on sell signal.
Short term – on sell signals.
Gold sector cycle is up.
A tradable bottom remains in place.
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.