GLD (NYSE:GLD) – on buy signal.
SLV – on buy signal.
GDX (NYSE:GDX) – on buy signal.
TO:XGD – on buy signal.
Central Fund of Canada Ltd (NYSE:CEF) – on buy signal.
GDXJ – on buy signal.
Gold is now at resistance.
While USD is at support.
Summary
Long term – on major buy signal.
Short term – on buy signals.
Gold sector cycle is up.
COT data is supportive for overall higher prices.
Gold is at resistance while dollar is at support, could see some sideways price action before a major break.
We are holding long term positions.
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.