This Past Week In Precious Metals
Jack Chan | Dec 31, 2018 01:09AM ET
GLD (NYSE:GLD) – on buy signal.
SLV (NYSE:SLV) – on buy signal.
GDX (NYSE:GDX) – on buy signal.
XGD.TO (TO:XGD) – on buy signal.
CEF (NYSE:CEF) – on buy signal.
GDXJ (NYSE:GDXJ) – on buy signal
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COT data is supportive for overall higher prices.
Higher highs and higher lows indicates an uptrend.
Silver finally broke out this week, now in sync with gold and gold stocks.
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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