GLD - on buy signal.
SLV - on sell signal.
GDX - on buy signal.
XGD.TO - on buy signal.
CEF - on buy signal.
We have another divergence this week. Divergences often lead to sharp sell offs.
Summary
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.