GLD - on sell signal.
SLV - new buy signal.
GDX - on sell signal.
XGD.TO - on sell signal.
CEF - new buy signal.
The decline in gold prices this year has been classically bearish. Each sharp drop is followed by a consolidation before another sharp drop, thus trapping buyers who have been trying to pick a bottom. This pattern has to change before I can become a confident buyer.
Summary
Long term - on major sell signal since Mar 2012.
Short term - on mixed signals.
Gold sector cycle - continues to whipsaw.
