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This Past Week in Gold

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


iShares Silver Trust Daily Chart
SLV - new buy signal.


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


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


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


HUI:GLD Daily Chart

Our ratio is close to confirming the new buy signals this week, but not quite.

Summary
Long term - on major sell signal since Mar 2012 when $HUI was at 550.
Short term - on new buy signals.
Gold sector cycle - up as of 11/14.
COT data suggests a major bottom is not in yet for the metals.

 

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