Gold sector as represented by $HUI is on a long term BUY signal.
Long term signals can last for months and are more suitable for investors.
Gold sector as represented by $HUI is on a short term buy signal.
Short term signals can last for weeks and are more suitable for traders.
Speculation remains high despite the recent pullback.
Speculation is at a reasonable level to resume its uptrend.
Focus on the big picture.
The big picture looks constructive.
The breakout remains valid as long as prices hold above the Oct low.
Summary
Long term – on buy signal.
Short term – on mixed signals.
Gold sector cycle is up.
We are holding long term positions.