This past week in gold
Posted Jul 25, 2016
GLD – on sell signal.
SLV – on buy signal.
GDX – on buy signal.
XGD.TO – on buy signal.
CEF – on sell signal.
USD broke out and up as expected, which is not friendly to the metals.
Long term – on a new major buy signal, ending the major sell signal from early 2012.
Short term – on mixed signals.
Gold sector cycle – is now down.
Investors should consider accumulating gold stocks/ETFs at the next cycle bottom.
Jul 23, 2016
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