This past week in gold
Posted Aug 3, 2015
GLD – on sell signal.
SLV – on sell signal.
GDX – on sell signal.
XGD.TO – on sell signal.
CEF – on sell signal.
This chart clearly shows how speculators are positioned in both a bull and bear market. Currently net long at 24k, should see a tradable bottom soon.
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.
A tradable bottom should be in progress soon, be patient.
Aug 1, 2015
We do not offer predictions or forecasts for the markets. What you see here is our simple trading model which provides us the signals and set ups to be either long, short, or in cash at any given time. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets. Trade at your own discretion.
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