This past week in gold
GLD – on sell signal.
SLV – on sell signal.
GDX – on sell signal.
XGD.TO – on sell signal.
CEF – on sell signal.
Some folks have been watching the dollar rising sharply in disbelief during the past few weeks, which is not friendly to the metals. Our proprietary trading model has been favoring the dollar over the metals since 2012 and until this long term trend reverses, we remain bullish on USD and bearish on metals.
Long term – on major sell signal since Mar 2012.
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