This past week in gold
GLD – on buy signal.
SLV – on buy signal.
GDX – on buy signal.
XGD.TO – on buy signal.
CEF – on buy signal.
Long term sell signal – public readers often ask why I think gold stocks are on a long term sell. Buy/sell signals are not my opinions, they are my trading models. $HUI confirmed a major sell signal early this year with a monthly close below 500, and will likely reverse back to a major buy if prices stay firm at current level in coming months. Long term signals are not actionable, they simply suggest whether we should be holding for the long term.
Long term – on major sell signal.
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