This past week in gold
Posted Jun 6, 2016
GLD – on sell signal.
SLV – on sell signal.
GDX – on sell signal.
XGD.TO – on sell signal.
CEF – on sell signal.
USD - we were hoping for a pullback on the dollar to establish trend line support, and it happened all in one day on Friday. Prices must not break below the May low to maintain our bullish outlook on the dollar.
Long term – on a new major buy signal, ending the major sell signal from early 2012.
Short term – on sell signals.
Gold sector cycle – is up.
We need to see some follow through buying next week to suggest that the pullback is complete.
Jun 4, 2016
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