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This Past Week in Gold

SPDR Gold Trust Shares Daily Chart
GLD - on buy signal.


iShares Silver Trust Daily Chart
SLV -on buy signal.


Market Vectors Gold Miners Daily Chart
GDX - on buy signal.


XGD.TO Daily Chart
XGD.TO -on buy signal.


Central Fund of Canada Daily Chart
CEF - on buy signal.


Gold COT

Silver COT

This week's COT data is shocking as speculation went from extreme bearish to extreme bullish in just three weeks. Caution is advised.


Summary
Long term - on major sell signal since Mar 2012.
Short term - on buy signals.
Gold sector cycle - up as of 6/20
With COT data already at levels of previous tops, upside is limited and risk has increased for the sector, caution is advised.

 

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