Our proprietary cycle indicator is down.
The gold sector is now on a long-term sell signal. Long-term signals can last for months and years and are more suitable for investors.
The gold sector is on a short-term sell signal. Short-term signals can last for days and weeks, and are more suitable for traders.
Our ratio between gold and gold stocks is on a short-term sell signal.
Speculation is now at net short for the first time since 2001.
Silver is now on a long-term sell signal.
SLV is on a short-term buy signal, and short-term signals can last for days to weeks, more suitable for traders.
Speculation is at net short again.
USD is now back on a long-term buy signal.
The precious metals sector is now on a long-term sell signal, which is suitable for trading and not for long-term holding. Short term is on mixed signals. The cycle is down. COT data is at extreme levels, which suggests a recovery may have already begun. We are looking to exit our long-term positions upon a recovery rally.
The SPDR Gold Trust ETF (GLD) rose $0.60 (+0.53%) in premarket trading Thursday. Year-to-date, GLD has declined -8.35%, versus a 8.74% rise in the benchmark S&P 500 index during the same period.
This article is brought to you courtesy of Streetwise Reports.