Gold Price Exclusive Update

Our proprietary cycle indicator is UP.

To public readers of our updates, our cycle indicator is one of the most effective timing tool for traders and investors. It is not perfect, because periodically the market can be more volatile and can result in short term whipsaws. But overall, the cycle indicator provides us with a clear direction how we should be speculating.

Investors

During a major buy signal, investors can accumulate positions by cost averaging at cycle bottoms, ideally when prices are at or near the daily 200ema.

During a major sell signal, investors should be hedged or in cash.

Traders

Simply cost average in at cycle bottoms when prices are at or near the daily 200ema; and cost average out at cycle tops when prices are above the daily 50ema.

Gold sector is on long term SELL signal.

GLD is on short term sell signal.

GDX is on short term sell signal.

XGD.to is on short term sell signal.

GDXJ is on short term sell signal.

Analysis

Our ratio is on sell signal.

Speculation pulling back from levels of previous tops.

The double top breakout is now confirmed with trendline support established.

Support must hold to validate the breakout.

Big trend in gold stocks is up but new trendline support needs to be established.

A cup with handle is now in progress, but support at 250 must hold.

The multi-year “cup with handle” is now back in play.

Summary

Long term – on SELL signal.

Short term – on sell signals.

Gold sector cycle is up.

$$$ We are invested for the current up cycle

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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