Past Week In Precious Metals: Major Consolidation Is Near Completion
Jack Chan | Jul 23, 2017 03:13AM ET
GLD (NYSE:GLD) – on buy signal.
Silver (NYSE:SLV) – on buy signal.
GDX (NYSE:GDX) – on buy signal.
XGD – on buy signal.
CEF – on buy signal.
GDXJ – on buy signal.
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Speculation in gold is at a multi year low.
Speculation in silver is at a new multi year low.
The multi month consolidation is near completion.
Summary
Long term – on major buy signal.
Short term – on buy 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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