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This Past Week in Gold

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


iShares Silver Trust Daily Chart
SLV - on buy signal.


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


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


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


Gold Bugs Index Weekly Chart

So far the rally has been a spike. No bull market is sustainable without a sharp correction, and it is not if but when that will happen.

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 - is now down.
Investors should consider accumulating gold stocks/ETFs at the next cycle bottom.

 

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