This Past Week in Gold
GLD - on buy signal.
SLV - on buy signal.
GDX - on buy signal.
XGD.TO - on buy signal.
CEF - on buy signal.
Folks, the picture is clear: gold is at another top unless the bear market is over.
And when will the bear market be over? When the lower highs and lower lows are replaced with higher highs and higher lows, and speculation to increase substantially at both intermediate tops and bottoms.
Long term - on major sell signal since Mar 2012 when $HUI was at 550.
Short term - on buy signals.
Gold sector cycle - up as of 9/11.
Traders can play for short term bounces but upside should be limited from here.