• 2 hours The Infinite Possibilities Of Cosmic Energy
  • 20 hours Analysts Link Walking To Economic Growth
  • 2 days Will Japan Turn Its Back On The Aramco IPO?
  • 3 days Global Debt Soars To $188 Trillion
  • 3 days The World's Largest Gold Miners Are Getting Creative
  • 4 days Twitter: The Saudi Spy Tool To Bring Down Dissidents
  • 4 days Broad Commodity Funds Don’t Give Enough Exposure To Gold
  • 5 days Here We Go Again: Another Giant Telecoms Mega-Merger
  • 5 days World's Largest Gold Miner Sees Profits Triple
  • 6 days Microsoft Japan Trials 4 Day Work Weeks, Productivity Soars By 40%
  • 6 days Hedge Funds Lose $4 Billion In Four Days As California Wildfires Rage On
  • 7 days New Viral App May Be A National Security Threat In Disguise
  • 7 days China's $10 Trillion Space Play
  • 7 days Human Energy: Debunking The Matrix
  • 8 days Cannabis Has Become A Real Estate Selling Point
  • 9 days The Gold Stock Boom Is Just Getting Started
  • 10 days Fading Trade War Hope Leaves Oil Directionless
  • 11 days Millennials Deal Death Blow To America’s Biggest Breweries
  • 11 days The Green New Deal Is Great News For Miners
  • 12 days South Park Sets Half-Billion Dollar Price Tag As Streaming War Heats Up
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

  1. Home
  2. Markets
  3. Other

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.

 

Back to homepage

Leave a comment

Leave a comment