This Past Week in Gold
GLD - on buy signal.
SLV - on buy signal.
GDX - on sell signal.
XGD.TO - on buy signal.
CEF - on buy signal.
Gold stocks remained locked in a major down trend and until this trend is reversed, buyers beware.
According to COT data, silver is making another top with much lower prices in coming weeks.
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 5/16.
Caution is advised.