GLD - on sell signal.
SLV - on sell signal.
GDX - on sell signal.
XGD.TO - on sell signal.
CEF - on sell signal.
According to our trading model, 200ema acts as support during a bull market and resistance during a bear market. Gold has been text book perfect.
Summary
Long term - on major sell signal since Mar 2012.
Short term - on sell signals.
Gold sector cycle - down as of 3/21, ending the up cycle since 12/27.