This past week in gold
Posted Jun 27, 2016
GLD – on buy signal.
SLV – on buy signal.
GDX – on buy signal.
XGD.TO – on buy signal.
CEF – on buy signal.
Speculation according to COT data made another new high this week, and with the 2015 high exceeded, a new bull market in gold is now confirmed.
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.
The metals are vulnerable to a multi-week correction, which is long overdue. Caution is advised.
Jun 25, 2016
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