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GLD – on sell signal.
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SLV – on sell signal.
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GDX – on sell signal.
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XGD.TO – on sell signal.
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CEF – on sell signal.
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GDXJ – on buy signal.
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The trend in gold is up.
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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
