This past week in gold
GLD – new buy signal this week.
SLV – on sell signal.
GDX – new buy signal this week.
XGD.TO – new buy signal this week.
CEF – on sell signal.
Since our major buy signal on USD in 2011, both gold and silver have declined substantially. And now, the dollar is testing upper resistance, and upon a successful breakout, could affect the metals for a very long time to come.
USD has been basing since 2008, the year which the dollar ended its twenty three year bear market which started in 1985.
Long term – on major sell signal since Mar 2012.
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