• 1,095 days Will The ECB Continue To Hike Rates?
  • 1,096 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,097 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,497 days Could Crypto Overtake Traditional Investment?
  • 1,502 days Americans Still Quitting Jobs At Record Pace
  • 1,504 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,507 days Is The Dollar Too Strong?
  • 1,507 days Big Tech Disappoints Investors on Earnings Calls
  • 1,508 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,510 days China Is Quietly Trying To Distance Itself From Russia
  • 1,510 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,514 days Crypto Investors Won Big In 2021
  • 1,514 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,515 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,517 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,518 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,521 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,522 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,522 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,524 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  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