This past week in gold
Posted Jul 28, 2014
GLD – on sell signal.
SLV – on sell signal.
GDX – on sell signal.
XGD.TO – on sell signal.
CEF – on sell signal.
USD broke out this week confirming the head & shoulder bottom. Can a new gold bull market begin under a rising dollar? History says no.
Long term - on major sell signal since Mar 2012.
Short term - on sell signals.
Gold sector cycle - up as of 6/20.
COT data suggests a top is forming in metal prices.
Jul 26, 2014
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