GLD (NYSE:GLD) – on buy signal.
iShares Silver (NYSE:SLV) – on sell signal.
GDX (NYSE:GDX) – on buy signal.
iShares S&P/TSX Global Gold (TO:XGD) – on buy signal.
Central Fund of Canada Ltd (NYSE:CEF) – on buy signal.
GDX: Trend remains down.
iShares S&P/TSX Global Gold (TO:XGD): Trend remains down.
Summary
Long term – on major buy signal.
Short term – on mixed signals.
Gold sector cycle – is down but can be bottoming soon.
Trend is down.
Correction continues but can end soon.
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.