The sharp selloff of the past three weeks has shrunk speculative activity to levels of previous bottoms. The precious metals sector is on a major buy signal. The cycle is down, barely. The multimonth consolidation continues. Our proprietary cycle indicator is down.
The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.
The gold sector is on a short-term buy signal. Short-term signals can last for days and weeks, and are more suitable for traders.