GLD (NYSE:GLD) – on buy signal.
SLV (NYSE:SLV) – on buy signal.
GDX (NYSE:GDX) – on buy signal.
XGD.TO (TO:XGD) – on buy signal.
CEF (NYSE:CEF) – on buy signal.
GDXJ (NYSE:GDXJ) – on buy signal
COT data is supportive for overall higher prices.
Higher highs and higher lows indicates an uptrend.
Silver finally broke out this week, now in sync with gold and gold stocks.
Summary
Long term – on sell signal.
Short term – on buy 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.