This Past Week In Precious Metals
Jack Chan | Jul 16, 2017 04:24AM 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 sell signal.
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The multi month correction/consolidation in gold stocks is now at or near completion.
Speculation in gold is at a multi year low.
Speculation in Silver is at a new multi year low.
Summary
Long term, on major buy signal.
Short term, on sell 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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