Gold And Silver On Sell Signal
Jack Chan | Oct 09, 2016 04:10AM ET
GLD (NYSE:GLD) – on sell signal.
iShares Silver (NYSE:SLV) – on sell signal.
GDX (NYSE:GDX) – on sell signal.
iShares S&P/TSX Global Gold (TO:XGD) – on sell signal.
Central Fund of Canada Ltd (NYSE:CEF) – on sell signal.
The uptrend has ended and a correction is in progress.
Summary
Long term – on major buy signal.
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Short term – on sell signals.
Gold sector cycle – is down.
We shall now wait for the next cycle bottom, and when the correction has ended.
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