This past week in gold
Posted May 16, 2016
GLD – on buy signal.
SLV – on new sell signal.
GDX – on new sell signal.
XGD.TO – on buy signal.
CEF – on buy signal.
Speculation remains at an all time high, despite gold having trouble breaking above the 2015 high.
Long term – on a new major buy signal, ending the major sell signal from early 2012.
Short term – on mixed signals.
Gold sector cycle – turned down last week.
Caution is advised as a multi-week correction may have begun.
May 14, 2016
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