This Past Week In Gold

Long-term – on major sell signal since March 2012. Short term – on sell signals. Gold sector cycle – down as of November 2008.

GLD – on sell signal.

SLV – on sell signal.

GDX – on sell signal.

XGD.TO – on sell signal.                                                                       

CEF – on sell signal.

Since topping in 2011, gold sector had broken down three times, once each year. Until this trend is reversed, the sector remains under pressure and vulnerable.

Summary

Long term – on major sell signal since March 2012.

Short term – on sell signals.

Gold sector cycle – down as of 11/08.

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.