This Past Week in Gold
GLD – on sell signal.
SLV – on sell signal.
GDX – on buy signal.
XGD.TO – on buy signal.
CEF – on sell signal.
We have a non confirmation this week as prices made a new high while indicator made a lower high. This is common during a topping process.
Long term – on a new major buy signal, ending the major sell signal from early 2012.
Short term – on mixed signals.
Gold sector cycle – is now down.
Investors should consider accumulating gold stocks/ETFs at the next cycle bottom.