This past week in gold
Posted Dec 10, 2012
GLD – new sell signal this week.
SLV – on buy signal.
GDX – on sell signal.
XGD.TO – on sell signal.
CEF – new sell signal.
The long term ratio broke down this week, therefore, upon a cycle bottom and new buy signals, metal ETFs are preferred over stock ETFs.
Long term – on major sell signal.
Short term – on mixed signals.
Gold sector cycle - down as of Oct 13.
Dec 8, 2012
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