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Gold And Silver Correction Underway

Published 08/29/2016, 01:50 PM
Updated 07/09/2023, 06:31 AM


Gold Cycle Indicator

Our proprietary cycle indicator is down.

SPDR Gold Shares

We are short GLD with a tight stop.

HUI-GLD Ratio

Our ratio remains on sell signal.

Summary
A bull market in gold and silver has been confirmed, but the cycle is down and a correction is in progress. We are short GLD with tight stops.

Latest comments

I think you're the one who said silver was on a major buy signal couple weeks ago. It's down a buck fifty since you wrote that.
Check it. He maintained that silver is due for a correction.
You dont consider 21 down to 18.30 a correction?
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