Dollar Rising, Metals Pullback
Jack Chan | Jan 21, 2019 08:56AM ET
GLD (NYSE:GLD) – on sell signal.
SLV – on sell signal.
GDX – on sell signal.
XGD.TO – on sell signal.
CEF – on sell signal.
GDXJ – on sell signal.
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A pullback is in progress.
USD – on buy signal.
A rising dollar is not supportive of the metals.
Summary
Long term – on sell signal.
Short term – on sell signals.
Gold sector cycle is up.
A pullback is in progress.
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