• 1,030 days Will The ECB Continue To Hike Rates?
  • 1,031 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,032 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,432 days Could Crypto Overtake Traditional Investment?
  • 1,437 days Americans Still Quitting Jobs At Record Pace
  • 1,439 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,442 days Is The Dollar Too Strong?
  • 1,442 days Big Tech Disappoints Investors on Earnings Calls
  • 1,443 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,445 days China Is Quietly Trying To Distance Itself From Russia
  • 1,445 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,449 days Crypto Investors Won Big In 2021
  • 1,449 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,450 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,452 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,453 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,456 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,457 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,457 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,459 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

  1. Home
  2. Markets
  3. Other

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.

 

Back to homepage

Leave a comment

Leave a comment