This past week in gold
Posted Dec 21, 2015
GLD – on sell signal.
SLV – on buy signal.
GDX – on sell signal.
XGD.TO – on buy signal.
CEF – on sell signal.
The long-term trend remains down, stay with it.
Long term – on major sell signal since Mar 2012 when $HUI was at 550.
Short term – on mixed signals.
Gold sector cycle – down as of 10/30.
Only aggressive and nimble traders should participate in the current market condition.
Preferably, wait for the completion of the recovery and begin shorting again.
Dec 19, 2015
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