GLD – on buy signal.
SLV – on sell signal.
GDX – on sell signal.
XGD.TO – on sell signal.
CEF – on buy signal.
GDXJ – on sell signal.
The multi-year bottoming pattern remains in progress.
Textbook bullish patterns with bottoms and breakouts.
Silver has also confirmed a bottom with trendline support now established.
Summary
Long term – on sell signal.
Short term – on mixed signals.
Gold sector cycle is up.
The pullback has ended.
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.