SPDR Gold Trust (ARCA:GLD) – on buy signal.
iShares Silver Trust (ARCA:SLV) – on buy signal.
Market Vectors Gold Miners (ARCA:GDX) – on buy signal.
iShares TSX Global Gold (TO:XGD) – on buy signal.
Central Fund of Canada Ltd (ARCA:CEF) – on buy signal.
Both gold and silver are now tracing out a “head and shoulder” topping pattern.
Summary
Long term – on major sell signal since Mar 2012 when HUI was at 550.
Short term – on buy signals.
Gold sector cycle – down as of 2/07, ending the up cycle since November.
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.