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Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

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This Past Week in Gold

SPDR Gold Trust Shares
GLD - on buy signal.


iShares Silver Trust
SLV - on sell signal.


Market vectors Gold Miners
GDX - buy signal was short lived, no harm done as set up was marginal.


XGD.TO
XGD.TO - on sell signal.


Central Fund of Canada
CEF - on sell signal.


HUI:GLD

Our leading indicator broke down in early 2011 and until this intermediate trend is reversed, any outperformance by gold stocks can be short lived.


Summary
Long term - on major sell signal.
Short term - on mixed signals.
We remain cautious and conservative and will only take trading positions if risks are manageable.

 

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