GLD - on buy signal.

SLV - on buy signal.

GDX - on buy signal.

XGD.TO - on buy signal.

CEF - on buy signal.

Speculation is now at the lowest level since 2001, primed for a recovery over the next few weeks.

However, the long term trend remains down, with a multi month consolidation is progress.

Summary
Long term - on major sell signal since Mar 2012 when $HUI was at 550.
Short term - on buy signals.
Gold sector cycle - down as of 10/30.
Only aggressive and nimble traders should participate in the current market condition.
Preferrably, wait for the completion of the recovery and begin shorting again.