GLD - new buy signal this week.
SLV - on sell signal.
GDX - new buy signal this week.
XGD.TO - new buy signal this week.
CEF - on sell signal.
Since our major buy signal on USD in 2011, both gold and silver have declined substantially. And now, the dollar is testing upper resistance, and upon a successful breakout, could affect the metals for a very long time to come.
USD has been basing since 2008, the year which the dollar ended its twenty three year bear market which started in 1985.
Long term - on major sell signal since Mar 2012.
Short term - on mixed signals.
Gold sector cycle - down as of 8/8
COT data suggests a tradable bottom is not in yet for the metals.