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GLD May Not Yet Be Ready To Break Out

GLD May Not Yet Be Ready To Break Out

While I have gone on…

The End Is Near

The End Is Near

The doomsayers have been calling…

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 ETF 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.


VanEck Vectors Gold Miners ETF Weekly Chart
GDX is testing resistance.


XGD.TO Weekly Chart

The Canadian gold stock ETF is also testing resistance.

Summary
Long term – on major buy signal.
Short term – on mixed signals.
Gold sector cycle – is down but can be bottoming.
Trend is down.
Correction continues but can end soon.

 

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