
GLD - on buy signal.

SLV - on buy signal.

GDX - on buy signal.

XGD.TO - on buy signal.

CEF - on buy signal.

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








