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This Past Week in Gold

SPDR Gold Trust Shares
GLD - on buy signal.


iShares Silver Trust
SLV - on sell signal.


Market vectors Gold Miners
GDX - buy signal was short lived, no harm done as set up was marginal.


XGD.TO
XGD.TO - on sell signal.


Central Fund of Canada
CEF - on sell signal.


HUI:GLD

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.

 

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