Our proprietary cycle indicator is UP.
To public readers of our updates, our cycle indicator is one of the most effective timing tool for traders and investors. It is not perfect, because periodically the market can be more volatile and can result in short term whipsaws. But overall, the cycle indicator provides us with a clear direction how we should be speculating.
Investors
Accumulate positions during an up cycle and hold for the long term.
Traders
Enter the market at cycle bottoms and exit at cycle tops for short term profits.
GLD is on short term buy signal.
GDX is on short term buy signal.
XGD.to is on short term buy signal.
GDXJ is on short term buy signal.
Analysis
Current data supports overall higher gold prices
Our ratio is on a buy signal
Trend is DOWN for USD.
Trend is now UP for gold stocks.
Trend is now UP for gold.
In a bull market, the 200ema acts as support where corrections end.
The breakout remains valid.
Summary
Gold sector cycle is up.
Trends are up.
COT data supports overall higher gold prices.
The correction is now complete.
$$$ We are holding long and short term positions.
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.
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