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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 sell signal.


VanEck Vectors Gold Miners Daily Chart
GDX – on buy signal.


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


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


US Dollar Index Monthly Chart

As long as the dollar continues to consolidate, pressure is off the metals. But a breakout  on the dollar can trigger a major sell off in the metals.

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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