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Stocks sold off last week…

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06-19-2017: The Past Week In Gold

(Click to enlarge)

GLD – on sell signal.

(Click to enlarge)

SLV – on sell signal.

(Click to enlarge)

GDX – on sell signal.

(Click to enlarge)

XGD.TO – on sell signal.

(Click to enlarge)

CEF – on sell signal.

(Click to enlarge)

GDXJ – on buy signal.

(Click to enlarge)

The trend in gold is up.

(Click to enlarge)

The multi month consolidation is now near completion.

Summary

Long term – on major buy signal.
Short term – on mixed signals.
Gold sector cycle is down.
A major consolidation is in progress but now near completion.
Holding long for long term gains.

Disclosure
We do not offer predictions or forecasts for the markets. What you see here is our simple trading model which provides us the signals and set ups to be either long, short, or in cash at any given time. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets. Trade at your own discretion.

By Jack Chan for Safehaven.com

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