This past week in gold
Posted Mar 14, 2016
GLD – on buy signal.
SLV – on sell signal.
GDX – on buy signal.
XGD.TO – on sell signal.
CEF – on buy signal.
According to this week’s COT data, speculation in gold, silver, copper, and crude oil have all reached levels of previous tops, similar to May and Oct 2015. Therefore, unless this time is different, expect much lower prices in coming weeks in commodities.
Long term – on a new major buy signal, ending the major sell signal from early 2012.
Short term – on mixed signals.
Gold sector cycle – up.
Once a bull market is confirmed in the gold sector, I will begin buying/accumulating at cycle bottoms as we did beginning in 2001.
Mar 12, 2016
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.