"No warning can save people determined to grow suddently rich" - Lord Overstone

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This Past Week in Gold

SPDR Gold Trust Shares
GLD - back to sell signal this week.


iShares Silver Trust
SLV - back to sell signal this week.


Market Vectors Gold Miners
GDX - back to sell signal this week.


XGD.TO
XGD.TO - back to sell signal this week.


Central Fund of Canada
CEF - on buy signal.


Summary
Long term - on major sell signal.
Short term - on mixed signals.
Most ETFs are back on sell signals this week. Counter trend trades often fail and that is why unless risks are manageable, we remain in cash often during a major sell signal and when configs are bearish.

 

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