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This Past Week in Gold

SPDR Gold Trust Shares
GLD - on buy signal.

Prices testing 200ema again.


iShares Silver Trust
SLV - on buy signal.


Market Vectors Gold Miners
GDX - on sell signal.


XGD.TO
XGD.TO - on sell signal.


Central Fund of Canada
CEF - buy signal this week.


HUI:GLD

The ratio between gold and gold stocks has been a reliable leading indicator for us since 2003, and it continues to work beautifully. Until this intermediate trend reverses (up), any buy signals or set ups could be premature.


Summary
Long term - on major sell signal.
Short term - on mixed signals.

 

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