About a month ago $GOLD went on an IT Trend Model BUY signal, and I had this to say about it: The overall picture for $GOLD is bearish but showing improvement. The current BUY signal may offer some opportunities on the long side, and may even prove to be a long-term winner; however, my impression is that the conditions underlying this new BUY signal are far from robust. Also, $GOLD is in a bear market (the 50EMA is below the 200EMA), so odds are against a strong up move. Long positions should be stamped “Handle With Care.”