This Week in Gold

GLD - on TLBSS this week.

SLV - remains on a sell signal.

GDX - remains on a sell signal.

XGD.TO - also remains on a sell signal.

Summary

Since being out of the markets three weeks ago, we are sitting in cash and wait for new signals and set ups. As long as the June lows hold in the ETFs, we still expect a resolution to the upside in the weeks ahead.

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Disclaimer: Words of caution: public readers of my commentaries should exercise their own judgment as to whether to buy or sell anything. Never trade based on other people's analysis. Knowing which way to place our bets is only half of the formula to success. Wishing you peace and profits......................................