This past week in gold
GLD – on sell signal.
SLV – on sell signal.
GDX – on sell signal.
XGD.TO – on sell signal.
CEF – on sell signal.
For the benefits of newcomers who are unfamiliar with this long term chart between gold and USD, it is a constant reminder that we must exercise caution when taking on new positions in the gold sector as evidence suggests that gold has peaked and the dollar has bottomed for the long term until proven otherwise.
Long term - on major sell signal.
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