This past week in gold
Posted Jan 24, 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 pullback this week is in the process of an inverted head & shoulder bottom.
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 20, 2018
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.