By requests, we are now including GLD and SLV in our weekly commentary.
GLD – is on buy signal.
SLV – also on buy signal.
GDX – this US gold stocks ETF is on a buy signal.
XGD.TO – the Canadian gold stocks ETF is also on a buy signal.
Summary
The gold and silver ETF, along with both the US and Cdn gold stocks ETFs are all on a buy signal. Our breakout model has also confirmed a major breakout, and if past history is a guide, we should see new highs in both metals and stocks ETFs in the next few months. Nevertheless, we continue to manage risk.
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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