This past week in gold
GLD - back to a sell signal this week.
Stopped out with a small profit.
SLV - also sell signal this week.
Stopped out at breakeven.
GDX - sell signal this week.
Stopped out with a small loss.
XGD.TO - remains on sell signal from previous week.
No position taken as there was no set up.
Since topping in March, both buy and sell signals have failed to establish a sustainable trend, indicating that the corrective process has not completed. We remain cautious and conservative.
The gold sector is in a bull market, therefore, sell signals are signals to exit and not signals to sell short. In a bull market, we wait for buy signals and setups to initiate or accumulate positions.
End of update