This Past Week in Gold

GLD – on sell signal.

SLV – on sell signal.

 

GDX – on sell signal.

 

XGD.TO – on sell signal.

 

From a long term perspective, gold must not close below the 50 ema ($1414) on a monthly basis, or a much deeper correction can take prices down to the 200 ema ($869).

 

Summary

 

Long term – on major sell signal since Mar. 2012.

Short term – on sell signals.

Gold sector cycle – down as of 4/05.

 

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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