
GLD - new buy signal this week.

SLV - new buy signal this week.

GDX - on sell signal.

XGD.TO - on sell signal.

CEF - new buy signal this week.

Speculation in gold has reached levels of previous bottoms typical of a bear market, should see a bounce in the near term.
Summary
Long term - on major sell signal since Mar 2012 when $HUI was at 550.
Short term - on mixed signals.
Gold sector cycle - down as of 2/07, ending the up cycle since November.
COT data favors a bounce.








