This past week in gold
Posted Aug 17, 2015
GLD – on buy signal.
SLV – on buy signal.
GDX – on buy signal.
XGD.TO – on buy signal.
CEF – on buy signal.
The big trend remains down although we may see another multi month consolidation to begin now.
Long term – on major sell signal since Mar 2012 when $HUI was at 550.
Short term – on buy signals.
Gold sector cycle – up as of 8/14.
Traders can consider some positions if risks are manageable.
Aug 15, 2015
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