This past week in gold


06/09/2012

GLD – on buy signal.
SLV – on buy signal.

GDX – on buy signal.
XGD.TO – on buy signal.
CEF – on buy signal.

Summary
Long term – on major sell signal.
Short term – on buy signals.
Gold cycle has bottomed but set ups are counter trend trades, actionable if risks are manageable.

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End of update