This past week in gold
Posted Mar 7, 2019
Gold sector as represented by $HUI is on a long-term sell signal.
Long-term signals can last for months and are more suitable for investors.
Gold sector as represented by $HUI is on a short-term sell signal.
Short-term signals can last for weeks and are more suitable for traders.
GDX – our gold stock ETF has confirmed bottoms with breakouts.
The trend is up.
The multi year bottoming pattern continues.
COT data on gold is supportive for overall higher prices.
COT data on silver has reached level of previous top, a correction is in progress.
Long-term – on sell signal.
Short-term – on sell signals.
Gold sector cycle is up, but a correction is in progress.
We are holding positions and staying the course.
Mar 2, 2019
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.