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This Past Week in Gold

SPDR Gold Trust Shares Daily Chart
GLD - on sell signal.


iShares Silver Trust Daily Chart
SLV - on sell signal.


Market Vectors Gold Miners Daily Chart
GDX - on sell signal.


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


Central Fund of Canada Daily Chart
CEF - back on sell signal.


HUI Gold Bugs Index Weekly Chart

Gold stocks as represented by $HUI have reached our downside target of 200, what we need now is a major trend reversal.

Summary
Long term - on major sell signal since Mar 2012.
Short term - on sell signals.
Gold sector cycle - down as of 11/08.
COT data is now favorable for a bear market rally.

 

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