This Past Week In Precious Metals: Many Buy Signals
Jack Chan | Jan 08, 2019 01:20AM ET
SPDR Gold Shares (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 a 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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Gold Futures
Silver Futures
USD is on sell signal. Weakness in the dollar is supportive for the metals.
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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