Precious Metals: Gold Sector Cycle Is Up
Jack Chan | Jan 28, 2019 06:36AM ET
GLD – on buy signal.
SLV – on sell signal.
GDX – on sell signal.
XGD.TO – on sell signal.
CEF – on buy signal.
GDXJ – on sell signal.
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The multi-year bottoming pattern remains in progress.
Textbook bullish patterns with bottoms and breakouts.
Silver has also confirmed a bottom with trendline support now established.
Summary
Long term – on sell signal.
Short term – on mixed signals.
Gold sector cycle is up.
The pullback has ended.
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