GLD (NYSE:GLD) – on buy signal.
SLV (NYSE:SLV) – on buy signal.
GDX (NYSE:GDX) – on sell signal.
XGD.TO (TO:XGD) – on sell signal.
CEF (NYSE:CEF) – on buy signal.
FCX (NYSE:FCX) – we are long from 10.64, holding for long term gains.
Prices have met resistance and a pullback is in progress.
Summary
Long term – on major buy signal.
Short term – on mixed signals.
Gold sector cycle is up.
Holding FCX for long term gains.
Disclosure
We do not offer predictions or forecasts for the markets. What you see here is our simple trading model which provides us the signals and set ups to be either long, short, or in cash at any given time. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets. Trade at your own discretion.
We also provide coverage to the major indexes and oil sector.