This Past Week In Gold

GLD and SLV have new short-term buy signals.

GLD – new buy signal.

SLV – new buy signal.

GDX – new buy signal.

XGD.TO – new buy signal.

CEF – new buy signal.

Our ratio is close to confirming the new buy signals this week, but not quite.

Summary

Long term – on major sell signal since Mar 2012 when $HUI was at 550.

Short term – on new buy signals.

Gold sector cycle – up as of 11/14.

COT data suggests a major bottom is not in yet for the metals.

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.