This past week in gold
Posted May 10, 2016
GLD – on buy signal.
SLV – on buy signal.
GDX – on buy signal.
XGD.TO – on buy signal.
CEF – on buy signal.
Speculation on gold made a new all time high this week, despite gold being more than $600 lower than the 2011 top. Gold could be making another major top here.
Long term – on a new major buy signal, ending the major sell signal from early 2012.
Short term – on buy signals.
Gold sector cycle – turned down this week.
Caution is advised as a multi week correction may have begun.
May 10, 2016
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