This past week in gold
Posted May 25, 2015
GLD – on buy signal.
SLV – on buy signal.
GDX – on sell signal.
XGD.TO – on buy signal.
CEF – on buy signal.
Gold stocks remained locked in a major down trend and until this trend is reversed, buyers beware.
According to COT data, silver is making another top with much lower prices in coming weeks.
Long term – on major sell signal since Mar 2012 when $HUI was at 550.
Short term – on mixed signals.
Gold sector cycle – down as of 5/16.
Caution is advised.
May 23, 2015
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