This past week in gold
GLD - sell signal this week.
SLV - sell signal this week
ending the buy signal of 12/24.
GDX - sell signal this week.
XGD.TO - sell signal this week.
All ETFs have sell signals this week.
Traders were stopped out with a small loss, while investors were stopped out of GDX and XGD.TO with nice profits. Stops on GLD and SLV for investors were not hit.
The gold sector suffered one of its worst declines in recent memory, and many folks are still in shock, especially those who were late to the party. Last week we had a breakout, and this week we have a breakdown. What is next? As always, we cannot predict but we can prepare.
I am extending my last week's offer of a complimentary copy of our current report on the gold sector, for this weekend only. [Editor's note: We didn't post this until today, Monday, but I'm sure Jack will extend this offer thru today] Simply send me a note at: firstname.lastname@example.org. Your email addresses will not be kept on file, and no solicitation will ever be sent to you.
End of update