This Past Week In Gold: Corrective Bounce In Progress
Jack Chan | May 10, 2015 03:55AM ET
ARCA:GLD – on sell signal.
ARCA:SLV – on buy signal.
ARCA:GDX – on buy signal.
TO:XGD – on buy signal.
AMEX:CEF – on buy signal.
Gold stocks remained locked in a major down trend and until this trend is reversed, buyers beware.
Summary
Long term – on major sell signal since Mar 2012 when HUI was at 550.
Short term – on mixed signals.
Gold sector cycle – up as of 4/10.
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A corrective bounce is in progress.
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