This past week in gold
Posted Jul 20, 2015
GLD – on sell signal.
SLV – on sell signal.
GDX – on sell signal.
XGD.TO – on sell signal.
CEF – on sell signal.
$HUI has broken major support at 150 this week and that is now resistance.
From a long-term perspective, go has a long way to go before major support, and USD has substantial upside before major resistance.
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, but gold sector could see a tradable bottom in coming weeks.
Jul 18, 2015
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