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This Past Week in Gold

SPDR Gold Trust Shares Daily Chart 1
GLD - on buy signal.

iShares Silver Trust Daily Chart
SLV - on sell signal.


Market Vectors Gold Miners Daily Chart
GDX - on sell signal.


XGD.TO Daily Chart
XGD.TO - on sell signal.


Central Fund of Canada Daily Chart
CEF - on sell signal.


SPDR Gold Trust Shares Daily Chart 2

Gold bounced sharply from the divergence but stocks are lagging. Unless this is negated soon, another divergence could be in play which is bearish.

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 5/16.
Caution is advised.

 

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