This Past Week In Gold

Gold sector cycle – down as of 2/07, ending the up cycle since November.

GLD – on sell signal.

SLV – on sell signal.

GDX – on sell signal.

XGD.TO – on sell signal.                                                                       

CEF – on sell signal.

Last week’s down gap was not filled, thus resulting in an island top which is now resistance.

Summary

Long term – on major sell signal since Mar 2012 when $HUI was at 550.

Short term – on sell signals.

Gold sector cycle – down as of 2/07, ending the up cycle since November.

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.