"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •624 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 1,991.70 | +48.00 | +2.47% |
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WTI Crude •11 mins | 95.50 | -0.05 | -0.05% |
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Gasoline •11 mins | 3.183 | +0.056 | +1.79% |
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Ethanol •624 days | 2.161 | +0.000 | +0.00% |
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Silver •624 days | 30.82 | +1.16 | +3.92% |
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Silver • 624 days | 30.82 | +1.16 | +3.92% | |
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Copper • 624 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 11 mins | 108.44 | -0.21 | -0.19% | |
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Natural Gas • 11 mins | 3.050 | -0.116 | -3.66% | |
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Heating Oil • 11 mins | 4.355 | +0.013 | +0.29% |
Forever 21 filed for Chapter…
The Economic Community of West…
Stocks sold off last week…
GLD - sell signal this week.
SLV - sell signal this week.
GDX - sell signal this week.
XGD.TO - sell signal this week.
CEF - sell signal this week.
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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