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Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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This Past Week in Gold

SPDR Gold Trust Shares Daily Chart
GLD - sell signal this week.


iShares Silver Trust Daily Chart
SLV - sell signal this week.


Market Vectors Gold Miners Daily Chart
GDX - sell signal this week.


XGD.TO Daily Chart
XGD.TO - sell signal this week.


Central Fund of Canada Daily Chart
CEF - sell signal this week.


US Dollar Index Daily Chart
The dollar is tracing out an inverted head & shoulder bottoming pattern. A rallying dollar will not be friendly to the metals.


Summary
Long term - on major sell signal since Mar 2012.
Short term - on sell signals.
Gold sector cycle - up as of 6/20
COT data suggests a top is forming in metal prices.

 

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