This past week in gold
GLD – on buy signal.
In a bull market, the 200ema often acts as support for pullbacks and corrections, where investors accumulate positions for the long-term.
SLV – on sell signal.
GDX – on buy signal.
XGD.TO – on sell signal.
CEF – on sell signal.
GDXJ – on sell signal.
Speculative activity in bull market values.
Speculative activity favors overall higher silver prices.
Our ratio is now at the most oversold level in a year with a divergence.
ABX – a major component in the gold stock indices and ETF, gapped own on heavy volume on 11/30 but closed the day with a doji, suggesting price exhaustion.
Long-term – on major buy signal.
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