This past week in gold
GLD - on sell signal.
SLV - on sell signal.
GDX - on sell signal.
XGD.TO - on sell signal.
All four ETFs remain on sell signal this week and likely will remain so for the coming week. The metal ETFs remain in a bullish config which favors long set ups, while the stock ETFs are now in a bearish config which favors short set ups.
We continue to be patient and wait for signals and set ups.
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