Gold Price Exclusive Update
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
During a major buy signal, investors can accumulate positions by cost averaging at cycle bottoms, ideally when prices are at or near the daily 200ema.
During a major sell signal, investors should be hedged or in cash.
Traders
Simply cost average in at cycle bottoms when prices are at or near the daily 200ema; and cost average out at cycle tops when prices are above the daily 50ema.
Gold sector is on major buy signal since early 2016.
Major signals can last for months and years and are more suitable for long-term investors.
Speculation is in bull market values.
The breakdown on the dollar this week is supportive for overall higher metal prices in coming weeks.
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.
Summary
Long-term - on major buy signal.
Short-term - on buy signals.
Gold sector cycle is up suggesting that the multi-month correction is complete.
COT data is supportive for overall higher metal prices in coming weeks.
We are holding gold related ETFs for long-term gain.
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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