This week in gold
$HUI - is on buy signal.
$XAU - also on buy signal.
GDX - on buy signal, waiting for a set up.
XGD.TO - on buy signal, waiting for set up.
This ETF is now in a bearish configuration, therefore, any buy signal is presumed to be a counter trend trade; buyers beware.
Disclosure: We do not offer predictions or forecasts for the markets. What you see here is our simple trading model which provides us the signals and set ups to be either long, short, or in cash at any given time. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets. Trade at your own discretion.
End of update