This Past Week In Precious Metals: GLD On Buy Signal
Jack Chan | Dec 10, 2018 06:00AM ET
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 buy signal.
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Speculation remains at multi decade low, allowing for a potentially substantial short covering rally in the near future.
Speculation remains at multi decade low.
We have a breakout this week from the bottoming patterns.
Summary
Long term – on sell signal.
Short term – on buy signals.
Gold sector cycle is up.
A tradable bottom remains in place.
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