This past week in gold
Posted Apr 28, 2014
GLD – on sell signal.
SLV – on sell signal.
GDX – new buy signal this week.
XGD.TO – new buy signal this week.
CEF – new buy signal this week.
Silver is more speculative than gold and often leads or lags the metal sector. Currently silver is tracing out a multi month consolidation.
Long term - on major sell signal since Mar 2012.
Short term - on mixed signals.
Gold sector cycle - down as of 3/21, ending the up cycle since 12/27.
COT data is not supportive for higher prices overall.
Apr 26, 2014
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.