• 1,006 days Will The ECB Continue To Hike Rates?
  • 1,006 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,008 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,408 days Could Crypto Overtake Traditional Investment?
  • 1,413 days Americans Still Quitting Jobs At Record Pace
  • 1,414 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,418 days Is The Dollar Too Strong?
  • 1,418 days Big Tech Disappoints Investors on Earnings Calls
  • 1,419 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,420 days China Is Quietly Trying To Distance Itself From Russia
  • 1,421 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,425 days Crypto Investors Won Big In 2021
  • 1,425 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,426 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,428 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,428 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,432 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,433 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,433 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,435 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

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
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