This Past Week In Gold

Gold has broken out of a multi month downtrend confirming the double bottom.

GLD – on buy signal.

SLV – on buy signal.

GDX – on buy signal.

XGD.TO – on buy signal.                                                                       

CEF – on buy signal.

Gold has broken out of a multi month downtrend confirming the double bottom.

Silver is no longer lagging and has also broken out confirming the double bottom.

Summary

Long term – on major sell signal since Mar 2012.

Short term – on buy signals.

Gold sector cycle – up as of 12/27.

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.