This Past Week In Gold

GLD - sell signal this week.

SLV - sell signal this week.

GDX - sell signal this week.

XGD.TO - on sell signal.

Summary

Long term - on major buy signal.
Short term - on sell signals.
We continue to hold our core positions, and wait for new buy signals. The parabolic rise in the metals are now over, and a correction is in progress.

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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.