This Past Week in Gold

GLD – on buy signal.

SLV – on buy signal.

GDX – on buy signal.

XGD.TO – on buy signal.

Summary

All four ETFs remain on buy signals this week technically, however, trendline support is broken and we will stay neutral for now. We were stopped out with a small profit overall.

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.

The gold sector is in a bull market, therefore, sell signals are signals to exit and not signals to sell short. In a bull market, we wait for buy signals and set ups to initiate or accumulate positions.