This past week in gold

GLD – new sell signal.
SLV – new sell signal.

GDX – new sell signal.
XGD.TO – new sell signal.
CEF – new sell signal.

Summary
Long term – on major buy signal.
Short term – on sell signals.
No harm done as we were invested on the short side and did not trade the recent buy set ups.

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.
End of update