PHLX Gold and Silver Sector Index

NASDAQ

XAU

I think prices are getting ready to reflect value.

starting to sell gold

Big Bear Markets such as the decline into the 2016 low for the miners breed big bull markets. These unloved countercyclical investments have significant potential for long term gains. Such a clear down trend with overhead resistance are key charts worth keeping an eye on. This week we have a clear breakout. Decent volume for gold and GDX are solid confirmations.

gold index showing hidden bull power coming in metals (silver & gold)

hs forming gold index xau

Today the xau gold stock index rallied to peak at a .382 of the long term decline and it also rallied in an abc form as well as having two equal legs up I am now short the gold sector in xau using dust today I was filled at 22.25 .I see the gold index declining to a new low into mid feb

short gold index

short gold.. gold index showing weakness in gold with that pattern