This Past Week In Gold

COT data suggests a top is forming in metal prices.

GLD – on sell signal.

SLV – on sell signal.

GDX – on sell signal.

XGD.TO – on sell signal.

CEF – on sell signal.

USD broke out this week confirming the head & shoulder bottom. Can a new gold bull market begin under a rising dollar? History says no.

Summary

Long term – on major sell signal since Mar 2012.

Short term – on sell signals.

Gold sector cycle – up as of 6/20

COT data suggests a top is forming in metal prices.

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.