This Week in Gold

$HUI - is on buy signal.

$XAU - also on buy signal.

GDX - on buy signal, waiting for a set up.

XGD.TO - on buy signal, waiting for set up.

This ETF is now in a bearish configuration, therefore, any buy signal is presumed to be a counter trend trade; buyers beware.

Summary

The gold sector and its ETFs are on a buy signal. However, conditions to buy were not met and we will stay in cash until a low risk set up. To enter the market, we need signals, set ups, and stops.

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Disclaimer: Words of caution: public readers of my commentaries should exercise their own judgment as to whether to buy or sell anything. Never trade based on other people's analysis. Knowing which way to place our bets is only half of the formula to success. Wishing you peace and profits......................................