This past week in gold
Posted Jun 13, 2016
GLD – on buy signal.
SLV – on buy signal.
GDX – on buy signal.
XGD.TO – on buy signal.
CEF – on buy signal.
USD - is now bound by support and resistance. A break either way will set the direction in coming weeks and months.
Long term – on a new major buy signal, ending the major sell signal from early 2012.
Short term – on buy signals.
Gold sector cycle – is up.
FOMC next week and Brexit the week after will likely make or break the dollar, thus affecting the metals.
Jun 11, 2016
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