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CGTS REPORT: Is The Long-Gold-Trade Back On?

FOR TUESDAY, 7 February 2012

It looks like gold and gold stocks are starting to look like long trades again. If this is so, what does this say about the general market's momentum? Not much, really.

Gold is getting ready to bounce up after a pretty routine correction. Nothing has changed in the picture of long-term gold bullishness. Remember, we say be long gold until 2019. Then be short gold 2019-2037.

GLD LONGClick to enlarge

We would expect to be getting a long-trade signal on IAU if we are getting the same on GLD. We are getting such a signal, in fact.

IAU LongClick to enlarge

We got a buy signal on AEM, Agnico-Eagle Mines, two days ago. Today we also got a buy signal on GSS, Golden Star Resources.

GSS LongClick to enlarge


IDI, Search Media Carry-Trade ETF: Take profits on 52% gain.

IDI Take ProfitsClick to enlarge

SAH, Sonic Automotive: take profits on 10% gain.

SAH Take ProfitsClick to enlarge

The market rally seems to be continuing. Plenty of things to disrail it, of course. But nothing showing techncally to suggest the rally is at an end.

More information on the CGTS systems can be found at:

Clark's Gate Timing System
Hanoi, Vietnam


Disclosure: I am long AEM.

Additional disclosure: Long AEM March calls.