Gold, for example, has moved from a mechanical short signal to neutral:
The short term trend has turned up, but the longer term trend remains down, so this is not a buy a signal, but a signal to cover shorts.
Similarly, gold stocks have also put in a reversal of the short term trend:
Notice, as well, how much financial pain could have been avoided by following these clear, objective and emotionless moving averages.
Since I need both the long term AND short term trend to be up, it is pre-mature to buy these ETFs now, but there is a one precious metal that is buyable:
Out of the PM sector, this Palladium ETF is the only metal that is buyable right now, according to my system.
