Last Week In Precious Metals
Jack Chan | Jun 25, 2018 09:35AM ET
SPDR Gold Shares (NYSE:GLD) – on sell signal.
iShares Silver (NYSE:SLV) – on sell signal.
VanEck Vectors Gold Miners (NYSE:GDX) – on sell signal.
Sprott Physical Gold and Silver Trust (NYSE:CEF) – on buy signal.
VanEck Vectors Junior Gold Miners (NYSE:GDXJ) – on sell signal.
Gold Futures – on sell signal.
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Speculation is in bull market values.
COT data is favorable for overall higher silver prices.
US Dollar Index Futures
USD – has made a double top so far with negative divergence, should see a correction in coming days and weeks.
Summary
Long-term – on major buy signal.
Short-term – on mixed signals.
Gold sector cycle is up.
COT data is supportive for overall higher metal prices.
Conditions are now favorable for higher prices in coming weeks and months.
We are holding long-term positions.
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