This Past Week In Gold

All precious metal equities are on mixed signals short-term – although they continue to remain on a major Sell Signal long-term since March 2012.

GLD – on buy signal.

SLV – on buy signal.

GDX – on sell signal.

XGD.TO – on sell signal.                              

CEF – on buy signal.

Summary

Long term – on major sell signal since Mar 2012.

Short term – on mixed signals.

Gold sector cycle – up as of 8/16.

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.

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