GLD - on buy signal.
SLV - on sell signal.
GDX - on buy signal.
XGD.TO - on sell signal.
CEF - on buy signal.
According to this week's COT data, speculation in gold, silver, copper, and crude oil have all reached levels of previous tops, similar to May and Oct 2015. Therefore, unless this time is different, expect much lower prices in coming weeks in commodities.
Summary
Long term - on a new major buy signal, ending the major sell signal from early 2012.
Short term - on mixed signals.
Gold sector cycle - up.
Once a bull market is confirmed in the gold sector, I will begin buying/accumulating at cycle bottoms as we did beginning in 2001.
