This Past Week In Precious Metals: Gold Sector Cycle Is Down
Jack Chan | Jul 02, 2017 03:27AM ET
GLD (NYSE:GLD) on sell signal.
SLV (NYSE:SLV) on sell signal.
GDX (NYSE:GDX) on sell signal.
XGD (TO:XGD) on sell signal.
CEF (NYSE:CEF) on sell signal.
GDXJ (NYSE:GDXJ) on buy signal.
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Speculation in gold is now at levels of previous bottoms.
Speculation in silver is now at levels of previous bottoms.
Summary
Long term on major buy signal.
Short term on mixed signals.
Gold sector cycle is down.
A major consolidation is in progress but now near completion.
Holding long for long term gains.
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