This past week in gold
Posted Aug 1, 2016
GLD – on sell signal.
SLV – on buy signal.
GDX – on sell signal.
XGD.TO – on buy signal.
CEF – on sell signal.
So far the rally has been a spike. No bull market is sustainable without a sharp correction, and it is not if but when that will happen.
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 30, 2016
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