This Past Week In Precious Metals: Log-Term Buy, Short-Term Sell Signals
Jack Chan | Feb 20, 2018 12:57AM ET
:SLV – on sell signal.
GDX – on sell signal.
TO:XGD – on sell signal.
CEF – on sell signal.
GDXJ – on sell signal.
Gold
Speculation is in bull market values.
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Silver
Data is supportive for overall higher prices.
SPDR Gold Shares (NYSE:GLD)
This is a massive bottoming pattern four years in the making.
Summary
Long term – on major buy signal.
Short term – on sell signals, a pullback is in progress.
Gold sector cycle is down.
COT data is supportive for overall higher metal prices.
We are holding long term positions.
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