This Past Week In Gold
Jack Chan | May 25, 2015 02:43AM ET
GLD (ARCA:GLD) – on buy signal.
SLV (ARCA:SLV) – on buy signal.
GDX (ARCA:GDX) – on sell signal.
XGD.TO (TO:XGD) – on buy signal.
CEF (AMEX:CEF) – on buy signal.
Gold stocks remain locked in a major down trend and until this trend is reversed, buyers beware.
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According to COT data, silver is making another top with much lower prices in coming weeks.
Summary
Long term – on major sell signal since Mar 2012 when $HUI was at 550.
Short term – on mixed signals.
Gold sector cycle – down as of 5/16.
Caution is advised.
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