This Past Week in Gold

GLD – on sell signal.

SLV – on sell signal.

 GDX – on sell signal.

XGD.TO – on sell signal.

Summary

Long term – on major sell signal.

Short term – on sell signals.

Gold sector cycle – down as of 4/05.

Some readers emailed me and asked why I have been so conservative in the gold sector.

Here is a long term chart which I post to my website for subscribers periodically, as a reminder that the major trend in gold and USD have changed, and until they are reversed once again, be cautious.

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.

We also provide coverage to the major indexes and oil sector.