This past week in gold
Posted Oct 20, 2014
GLD – on buy signal.
SLV – on sell signal.
GDX – on buy signal.
XGD.TO – on buy signal.
CEF – on buy signal.
We have another divergence this week. Divergences often lead to sharp sell offs.
Long term – on major sell signal since Mar 2012.
Short term – on mixed signals.
Gold sector cycle – down as of 8/8.
COT data suggests a tradable bottom is not in yet for the metals.
Oct 18, 2014
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