
GLD - on sell signal.

SLV - on sell signal.

GDX - on sell signal.

XGD.TO - on sell signal.

CEF - on sell signal.

Our ratio remains on sell signal, but can change soon if prices continue to firm up in coming days.
Summary
Long term - on major sell signal since Mar 2012 when $HUI was at 550.
Short term - on sell signals.
Gold sector cycle - down as of 8/8
COT data suggests a major bottom is not in yet for the metals.








