GLD (NYSE:GLD) – on buy signal.
iShares Silver (NYSE:SLV) – on buy signal.
GDX (NYSE:GDX) – on buy signal.
iShares S&P/TSX Global Gold (TO:XGD) – on buy signal.
Sprott Physical Gold and Silver Trust (NYSE:CEF) – on buy signal.
VanEck Vectors Junior Gold Miners (NYSE:GDXJ) – on sell signal.
Speculation remains at multi decade low, but short covering has begun with specs back to net long.
Speculation remains at multi decade low, but short covering has begun.
Our ratio is back on sell signal.
But the tradable bottom remains in place.
Summary
Long term – on sell signal.
Short term – on mixed signals.
Gold sector cycle is up.
A tradable bottom remains in place.
Disclosure
We do not offer predictions or forecasts for the markets. What you see here is our simple trading model which provides us the signals and set ups to be either long, short, or in cash at any given time. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets. Trade at your own discretion.
We also provide coverage to the major indexes and oil sector.