GLD - on sell signal.
SLV - on sell signal.
GDX - on sell signal.
XGD.TO - on sell signal.
CEF - on sell signal.
Until the trend on above chart is reversed, gold stocks will continue to under perform.
Summary
Long term - on major sell signal.
Short term - on sell signals.
We remain neutral and out of the gold sector until a cycle bottom and new buy signals.