This past week in gold
Posted Mar 16, 2015
GLD – on sell signal.
SLV – on sell signal.
GDX – on sell signal.
XGD.TO – on sell signal.
CEF – on sell signal.
Gold peaked shortly before the gold cycle in early Feb, and is now testing the Nov low.
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.
Cot data suggests lower metal prices ahead.
Mar 14, 2015
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