This Past Week In Gold

GLD and SLV are on buy signals

GLD – on buy signal.

SLV – on buy signal.

Prices rejected at 200ema resistance with a gap down this week.

GDX – on buy signal.

XGD.TO – on buy signal.

CEF – on buy signal.

There is a divergence in place which prompted a sharp pullback this week.

Summary

Long term – on major sell signal since Mar 2012.

Short term – on buy signals.

Gold sector cycle – up as of 12/27.

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Disclosure

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