This Past Week In Precious Metals: Gold Sector Cycle Is Down
Jack Chan | Jun 11, 2017 02:52AM ET
GLD (NYSE:GLD) – on buy signal.
SLV (NYSE:SLV) – on buy signal.
GDX (NYSE:GDX) – on buy signal.
XGD (TO:XGD) – on buy signal.
CEF (NYSE:CEF) – on buy signal.
GDXJ (NYSE:GDXJ) – on buy signal.
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The trend in gold is up.
Gold stocks are consolidating.
Summary
Long term – on major buy signal.
Short term – on buy signals.
Gold sector cycle is down.
A major consolidation is in progress.
Holding long for long term gains.
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