This past week in gold
Posted Aug 31, 2015
GLD – on buy signal.
SLV – on sell signal.
GDX – on buy signal.
XGD.TO – on buy signal.
CEF – on buy signal.
USD – the multi month correction may be over soon as prices finally reached the 200ema support this week. A rising dollar is not friendly to the metals.
Long term – on major sell signal since Mar 2012 when $HUI was at 550.
Short term – on mixed signals.
Gold sector cycle – down as of 8/28.
Traders can play for short term bounces.
Aug 29, 2015
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