This past week in gold
Posted Dec 1, 2014
GLD – on buy signal.
SLV – on buy signal.
GDX – on buy signal.
XGD.TO – on buy signal.
CEF – on buy signal.
USD finally broke out of the multi year consolidation and base building, and above the 200ema for the first time in over a decade. This is not supportive for the metals for a long time to come.
Long term – on major sell signal since Mar 2012 when $HUI was at 550.
Short term – on buy signals.
Gold sector cycle – up as of 11/14.
COT data suggests a major bottom is not in yet for the metals.
Nov 29, 2014
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