The Past Week In Gold

A bear market rally has completed, short sellers should sell into any bounces.

GLD – on sell signal.

SLV – on sell signal.

GDX – on sell signal.

XGD.TO – on sell signal.                                                                       

CEF – on sell signal.

As noted in previous analysis, gold continues to make lower highs and this time is no different. Until this trend is reversed, gold is in a bear market and rallies to the 200ema should be sold.

Summary

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

Short term – on new sell signals.

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

A bear market rally has completed, short sellers should sell into any bounces.

********

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.