This past week in gold
GLD – on sell signal.
SLV – on sell signal.
GDX – on buy signal.
XGD.TO – on buy signal.
CEF – new buy signal failed, which is not unusual during a down cycle.
The big picture in gold has not changed as the multi month consolidation continues.
In 2012 when gold was consolidating, dollar was strong as expected.
But dollar has been weak during gold’s current consolidation, and that is a concern from the inter market relationship perspective.
Long term - on major sell signal since Mar 2012.
We also provide coverage to the major indexes and oil sector.