This Past Week In Gold

COT data suggests lower metal prices ahead.

GLD – on sell signal.

SLV – on sell signal.

GDX – on sell signal.

XGD.TO – on sell signal.                                                                       

CEF – on sell signal.

Gold peaked shortly before the gold cycle in early Feb, and is now testing the Nov low.

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.

COT data suggests lower metal prices ahead.

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.