GLD (NYSE:GLD) – on buy signal.
iShares Silver (NYSE:SLV) – on buy signal.
GDX (NYSE:GDX) – on buy signal.
iShares S&P/TSX Global Gold (TO:XGD) – on buy signal.
Sprott Physical Gold and Silver Trust (NYSE:CEF) – on buy signal.
VanEck Vectors Junior Gold Miners (NYSE:GDXJ) – on buy signal.
Speculation remains at multi decade low, allowing for a potentially substantial short covering rally in the near future.
Speculation remains at multi decade low.
We have a breakout this week from the bottoming patterns.
Summary
Long term – on sell signal.
Short term – on buy signals.
Gold sector cycle is up.
A tradable bottom remains in place.
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.
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