This past week in gold
Posted Sep 7, 2015
GLD – on buy signal.
SLV – on sell signal.
GDX – on buy signal.
XGD.TO – on buy signal.
CEF – on buy signal.
GLD bounced from the recent bottom, but capped by resistance so far. Until resistance is broken and a new uptrend established, caution is advised.
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.
Sep 5, 2015
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