SPDR Gold Shares (NYSE:GLD) – on sell signal.
iShares Silver (NYSE:SLV) – on sell signal.
Market Vectors Gold Miners (NYSE:GDX) – on sell signal.
iShares S&P/TSX Global Gold (TO:XGD) – on sell signal.
Central Fund of Canada Ltd (NYSE:CEF) – on sell signal.
ARCA Gold BUGS long term trend remains solidly down.
Summary
- Long term – on major sell signal since Mar 2012 when $HUI was at 550.
- Short term – on sell signals.
- Gold sector cycle – up as of 9/11.
- Traders can play for short term bounces.
Disclaimer: 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.