This past week in gold
Posted Jan 1, 2018
GLD – on buy signal.
SLV – on buy signal.
GDX – on buy signal.
XGD.TO – on buy signal.
CEF – on buy signal.
GDXJ – on buy signal.
Speculation is in bull market values.
Speculation recovered sharply from the lowest level in years.
The breakdown on USD this week is supportive for overal higher metal prices in coming weeks.
Long-term – on major buy signal.
Short-term – on buy signals.
Gold sector cycle is up, suggesting that the multi-month correction is complete.
COT data is supportive for overall higher metal prices.
We are holding long-term positions.
Dec 30, 2017
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