This past week in gold
Posted Feb 23, 2015
GLD – on sell signal.
SLV – on sell signal.
GDX – on sell signal.
XGD.TO – on sell signal.
CEF – on sell signal.
Lower tops indicates resistance in a bear market, and until resistance is broken and support established, the big trend is down with lower prices overall.
Long term – on major sell signal since Mar 2012 when $HUI was at 550.
Short term – on sell signals.
Gold sector cycle – down as of 2/07, ending the up cycle since November.
Feb 21, 2015
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