• 331 days Will The ECB Continue To Hike Rates?
  • 331 days Forbes: Aramco Remains Largest Company In The Middle East
  • 333 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 732 days Could Crypto Overtake Traditional Investment?
  • 737 days Americans Still Quitting Jobs At Record Pace
  • 739 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 742 days Is The Dollar Too Strong?
  • 742 days Big Tech Disappoints Investors on Earnings Calls
  • 743 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 745 days China Is Quietly Trying To Distance Itself From Russia
  • 745 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 749 days Crypto Investors Won Big In 2021
  • 749 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 750 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 753 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 753 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 756 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 757 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 757 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 759 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

  1. Home
  2. Markets
  3. Other

This Past Week in Gold

SPDR Gold Trust Shares Daily Chart
GLD - on sell signal.


iShares Silver Trust Daily Chart
SLV - on sell signal.


VanEck Vectors Gold Miners ETF Daily Chart
GDX - on sell signal.


XGD.TO Daily Chart
XGD.TO - on sell signal.


Central Fund of Canada Daily Chart
CEF - on sell signal.


VanEck Vectors Junior Gold Miners ETF Daily Chart
GDXJ - on sell signal.


Gold Bugs Index Daily Chart

A correction has morphed into a consolidation, and the longer time it takes, the mightier the eventual breakout.

Summary
Long term - on major buy signal.
Short term - on sell signals.
Gold sector cycle is down.
A major consolidation is in progress.
Holding long for long term gains.

 

Back to homepage

Leave a comment

Leave a comment