This past week in gold
Posted Jul 07, 2014
GLD – on buy signal.
SLV – on buy signal.
GDX – on buy signal.
XGD.TO – on buy signal.
CEF – on buy signal.
A breakout above 250 will confirm the inverted head & shoulder bottom.
Long term - on major sell signal since Mar 2012.
Short term - on buy signals.
Gold sector cycle - up as of 6/20.
This week's COT data not available at time of update, last week's COT data was already at levels of previous tops, therefore upside is limited and risk has increased for the sector, caution is advised.
Jul 06, 2014
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