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This Past Week in Gold

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


iShares Silver Trust Daily Chart
SLV - on buy signal.


VanEck Gold Miners ETF Daily Chart
GDX - on buy signal.


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


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


Daily Gold Chart

Speculation according to COT data made another new high this week, and with the 2015 high exceeded, a new bull market in gold is now confirmed.

Summary
Long term - on a new major buy signal, ending the major sell signal from early 2012.
Short term - on buy signals.
Gold sector cycle - is up.
The metals are vulnerable to a multi week correction which is long overdue.
Caution is advised.

 

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