This Week in Gold

$HUI - the buy signal from early June remains valid as prices did not violate the previous low.

$XAU - but the buy signal on XAU has failed and we are waiting for a new TLBBS.

GDX - buy signal also failed and we took a small loss, now waiting for a new TLBBS.

XGD.TO - previous buy signal also failed and we took a small loss. We have a fresh buy signal this week.

Summary

Our last buy signals in the gold ETFs failed, and we took a small loss on a conservative allocation. Both gold and silver have now fallen back to the 200ema support, where in the past six years, have acted as a springboard for all rallies, and three times as a launching pad for an impulsive phase to new highs. A special tutorial with a buying strategy for the gold sector in anticipation of the next impulsive phase has been posted for subscribers.

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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......................................