Gold Sector Cycle Is Up
Jack Chan | Apr 16, 2017 01:50AM ET
GLD (NYSE:GLD) – on buy signal.
SLV (NYSE:SLV) – on buy signal.
GDX (NYSE:GDX) – on buy signal.
XGD.TO (TO:XGD) – on buy signal.
CEF (NYSE:CEF) – on buy signal.
GDXJ (NYSE:GDXJ) – on buy signal.
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A breakout is confirmed this week, suggesting that the multi month correction since last summer is now complete.
Summary
Long term – on major buy signal.
Short term – on buy signals.
Gold sector cycle is up.
Trend is up.
A new bull leg up is in progress.
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