GLD – buy signal this week.

SLV – buy signal this week.

GDX – buy signal this week.

XGD.TO – remains on buy signal from week before.

Summary

All four ETFs have buy signals this week. However, the set ups were marginal and we chose to stay neutral, avoiding the sharp swings and gaps. We will watch for better set ups this week.

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.