"No warning can save people determined to grow suddently rich" - Lord Overstone

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Decision Time

Decision Time

Last week, I mentioned that…

This Past Week in Gold


GLD – on buy signal.


iShares Silver Trust Daily Chart
SLV – on buy signal.


VanEck Vectors Gold Miners TF 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.


HUI Gold Bugs Index Weekly Chart

Gold stocks testing resistance.

Summary
Long term – on major buy signal.
Short term – on buy signals.
Gold sector cycle is up.
We remain neutral and out of this sector until conditions are favorable for long term accumulations.

 

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