This Past Week In Gold

There are mixed signals for gold and precious metal equities: Short-term they are on mixed Signals. However, long-term they are still on Sell Signals.

GLD – on sell signal.

SLV – on buy signal.

GDX – on sell signal.

XGD.TO – on sell signal.                              

CEF – on sell signal.

The big trend in gold remains firmly down until resistance is broken and support established.

Summary

Long term – on major sell signal since Mar 2012.

Short term – on mixed signals.

Gold sector cycle – down as of 8/09.

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