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Market Sentiment At Its Lowest In 10 Months

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Stocks sold off last week…

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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 sell signal.


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


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


HUI:GLD Daily Chart

Our ratio remains on a sell signal.

Summary
Long term - on a new major buy signal, ending the major sell signal from early 2012.
Short term - on sell signals.
Gold sector cycle - is down.
Investors should consider accumulating gold stocks/ETFs at the next cycle bottom as a correction is now in progress.

 

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