This past week in gold
GLD – on buy signal.
SLV – on buy signal.
GDX – on sell signal.
XGD.TO – on sell signal.
CEF – on buy signal.
Some analysts have declared the bear market over in gold stocks. That is premature according to simple trend analysis. Currently $HUI is bouncing from support but until resistance is broken on the upside, the trend remains down and the bear market continues.
Long term – on major sell signal since Mar 2012 when $HUI was at 550.
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