This past week in gold
Posted Jun 8, 2015
GLD – on sell signal.
SLV – on sell signal.
GDX – on sell signal.
XGD.TO – on sell signal.
CEF – on sell signal.
Gold stocks broke the multi month consolidation this week, suggesting lower prices ahead.
Long term – on major sell signal since Mar 2012 when $HUI was at 550.
Short term – on sell signals.
Gold sector cycle – down as of 5/16.
Caution is advised.
Jun 6, 2015
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