This past week in gold
Posted Aug 4, 2014
GLD – on sell signal.
SLV – on sell signal.
GDX – on sell signal.
XGD.TO – on sell signal.
CEF – on sell signal.
Gold is now in a 13 month consolidation, and if the bear market continues, we
should see a breakdown in coming months.
A breakout on USD is not supportive for metal prices.
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 in for the metals.
Aug 2, 2014
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