Gold Sector Could Be Bottoming
Jack Chan | Jul 12, 2015 05:40AM ET
ARCA:GLD – on sell signal.
TO:SLV – on sell signal.
ARCA:GDX – on sell signal.
TO:XGD – on sell signal.
AMEX:CEF – on sell signal.
Speculation is now at levels of previous bottoms.
Summary
Long term – on major sell signal since Mar 2012 when HUI was at 550.
Short term – on sell signals.
Gold sector cycle – down as of 5/16.
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Caution is advised, but gold sector could be bottoming.
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