This Past Week In Precious Metals
Jack Chan | Oct 16, 2016 04:23AM ET
GLD (NYSE:GLD) – on sell signal.
SLV – on sell signal.
GDX (NYSE:GDX) – on sell signal.
XGD.TO – on sell signal.
CEF – on sell signal.
COT data is now favorable for a recovery.
Summary
Long term – on major buy signal.
Short term – on sell signals.
Gold sector cycle – is down.
Trend is down.
Correction continues but can end soon.
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.
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