This past week in gold
Posted Jan 8, 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 is supportive for overal higher metal prices.
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.
Jan 6, 2018
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