This Past Week in Gold
GLD – on buy signal.
SLV – on buy signal.
GDX – on sell signal.
XGD.TO – on sell signal
Summary
Long term – on major buy signal.
Short term – on mixed signals.
Major consolidation continues in the gold sector with buy/sell signals every other week, whipsawing short term traders. We continue to hold our core positions and will try to accumulate positions upon set ups if risks are manageable.
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
