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

  • 19 hours Why Criminals' Cryptocurrency Choices Matter To Average Investors
  • 2 days OPEC ‘Supergroup’ Keeps Oil Exports Subdued
  • 2 days One Belt, One Road, One Direction for Precious Metals
  • 2 days Vicious Trio Keeps Bitcoin in Chokehold
  • 2 days How Infrastructure Is Driving A Commodity Boom
  • 2 days What’s Really Happening With Venezuela’s “El Petro?”
  • 2 days Gold Bull and Bear Markets
  • 3 days 5 Big Drivers of Higher Inflation Rates Ahead
  • 3 days U.S. And China To Face Off Over Aramco IPO
  • 3 days Gold Bulls, Brace Yourselves – Fed Hikes Are Coming!
  • 3 days Stocks Fail to Hold Gains, But Still No Correction
  • 3 days Cryptojacking: A New Threat Vector To Critical Infrastructure
  • 4 days Why The Next Oil Boom Will Be Fueled By Blockchain
  • 4 days 5 Things Investors Should Know About China this New Year
  • 4 days Is The South Korean Crypto-Drama Finally Over?
  • 4 days Miners’ Rally? What Rally? Watch Out for More Fake Moves!
  • 4 days Four Percent 10-year Note Yield Will Be a Floor Not a Ceiling
  • 4 days The End Is Near
  • 5 days 5 Record Breaking Gemstones Even Billionaires Can’t Buy
  • 5 days Irredeemable Currency De-tooths Savers

This Past Week in Gold

SPDR Gold Trust Shares
GLD - on buy signal.

A breakout this week.


iShares Silver Trust
SLV - on buy signal.

A breakout this week.


Market Vectors Gold Miners
GDX - on buy signal.

Prices now testing 200ema resistance.


XGD.TO
XGD.TO - on buy signal.


Central Fund of Canada
CEF - on buy signal.

A breakout this week.


SPDR Gold Trust Shares

The breakout in gold this week has attracted a lot of attention, and much more upon a breakout of this year long consolidation.


Summary
Long term - on major sell signal.
Short term - on buy signals.
Gold sector ETFs are tradable but not holding for the long term until we have a major buy signal again.

 

Back to homepage

Leave a comment

Leave a comment




Don't Miss A Single Story