GLD - on buy signal.
SLV - on sell signal.
GDX - buy signal was short lived, no harm done as set up was marginal.
XGD.TO - on sell signal.
CEF - on sell signal.
Our leading indicator broke down in early 2011 and until this intermediate trend is reversed, any outperformance by gold stocks can be short lived.
Summary
Long term - on major sell signal.
Short term - on mixed signals.
We remain cautious and conservative and will only take trading positions if risks are manageable.
