This Past Week in Gold

GLD – on sell signal.

SLV – on sell signal.

GDX – on sell signal.

XGD.TO – on sell signal.

Summary

All four ETFs remain on sell signal this week and likely will remain so for the coming week. The metal ETFs remain in a bullish config which favors long set ups, while the stock ETFs are now in a bearish config which favors short set ups. We continue to be patient and wait for signals and set ups.

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.