• 1,184 days Will The ECB Continue To Hike Rates?
  • 1,184 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,186 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,586 days Could Crypto Overtake Traditional Investment?
  • 1,590 days Americans Still Quitting Jobs At Record Pace
  • 1,592 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,595 days Is The Dollar Too Strong?
  • 1,596 days Big Tech Disappoints Investors on Earnings Calls
  • 1,597 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,598 days China Is Quietly Trying To Distance Itself From Russia
  • 1,599 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,603 days Crypto Investors Won Big In 2021
  • 1,603 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,604 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,606 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,606 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,610 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,610 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,611 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,613 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…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

This Past Week in Gold

SPDR Gold Trust Shares Chart
GLD - on sell signal.


iShares Siver Trust Chart
SLV - on sell signal.


Market Vectors Gold Miners Chart
GDX - on sell signal.


XGD.TO Chart
XGD.TO - on sell signal.


Central Fund of Canada Chart
CEF - on sell signal.


Gold Chart

From a long term perspective, gold must not close below the 50ema ($1414) on a monthly basis, or a much deeper correction can take prices down to the 200ema ($869).

Summary
Long term - on major sell signal since Mar 2012.
Short term - on sell signals.
Gold sector cycle - down as of 4/05.

 

Back to homepage

Leave a comment

Leave a comment