Gold Sector Cycle Is Down

  • Commodities Analysis

GLD Daily Chart

GLD (NYSE: GLD ) – on sell signal.

SLV Daily Chart

SLV (NYSE: SLV ) – on sell signal.

GDX Daily Chart

GDX (NYSE: GDX ) – on buy signal.

XGD.TO Daily Chart

XGD.TO (TO: XGD ) – on buy signal.

CEF Daily Chart

CEF (NYSE: CEF ) – on buy signal.

GDXJ Daily Chart

GDXJ (NYSE: GDXJ ) – on buy signal.

HUI Weekly Chart

Prices are bound by support and resistance, looking for a break either way to determine intermediate direction.

Summary

Long term – on major buy signal.

Short term – on mixed signals.

Gold sector cycle is down.

A correction is in progress.

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.

We also provide coverage to the major indexes and oil sector.

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