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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…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

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This Past Week in Gold

SPDR Gold Trust Shares
GLD - on sell signal.


iShares Silver Trust
SLV - on sell signal.


Market Vectors Gold Miners
GDX - on sell signal.


XGD.TO
XGD.TO - on sell signal.


Central Fund of Canada
CEF - on sell signal.


Gold Bugs Index


Long term readers may recall this chart of support and resistance from years past.

Gold stocks are now at major support and a counter trend rally can begin anytime, which is tradable if risks are manageable.

Summary
Long term - on major sell signal.
Short term - on sell signals.
Both long and short term on sell signals and cycle is down but at levels of previous bottoms. A multi week corrective rally can start anytime and tradable if risks are manageable.

 

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