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


US Dollar Index

For the benefits of newcomers who are unfamiliar with this long term chart between gold and USD, it is a constant reminder that we must exercise caution when taking on new positions in the gold sector as evidence suggests that gold has peaked and dollar has bottomed for the long term until proven otherwise.


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

 

Back to homepage

Leave a comment

Leave a comment