The cycle is up.
Signals and set-ups:
- TLBBS – trend line break buy signal
- TLBSS – trend line break sell signal
Investors:
During a long-term buy signal, investors can accumulate positions by cost averaging at cycle bottoms, ideally when prices are at or near the daily 200-day exponential moving average (EMA).
Traders:
Simply buy and sell upon buy/sell signals on the daily charts, or cost average in at cycle bottoms when prices are at or near the daily 200 EMA, and cost average out at cycle tops when prices are above the daily 50ema.
Allocations:
Will be conservative when volatility is high, and aggressive when volatility is low.
Current Signals:
- Long term – on buy signal.
- Short term – on buy signals.
The gold and silver sectors are on a long-term buy signal, triggered at 295.
Speculation, according to COT data, has dropped to levels of previous bottoms.
Overall, higher gold prices are expected.
Speculation, according to COT data, has dropped to levels of previous bottoms.
Overall, higher silver prices are expected.
Speculation, according to COT data, has reached levels of previous tops.
Expect an overall lower dollar.
Our ratio is on a buy signal.
In a bull market and when the trend is up, gold stocks outperform gold.
The trend is up for gold stocks.
The trend is up for gold.
The trend is down for the U.S. dollar.
A breakout has occurred in the VanEck Gold Miners ETF (GDX:NYSEARCA).
A breakout has occurred in the iShares Silver Trust (ETF) (SLV:NYSE).
Summary:
- Long term (monthly chart) – on buy signal.
- Short term (daily chart) – on buy signals.
The cycle is up.
The trend is up for gold and gold stocks, while the dollar is down.
We are holding long positions.
As for other metals. . .
- COPX – TLBBS
- Buy signal triggered at 64.30.
Look at Freeport-McMoRan Inc. (FCX:NYSE).
- FCX – TLBBS
- Buy signal triggered at 42.15.
Look at Cameco Corp. (CCO:TSX; CCJ:NYSE).
- CCJ – TLBBS
- Buy signal triggered at 88.23.
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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.
