"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •801 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 1,797.60 | -3.50 | -0.19% |
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WTI Crude •1 day | 100.05 | -2.43 | -2.37% |
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Gasoline •1 day | 3.307 | -0.086 | -2.53% |
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Ethanol •801 days | 2.161 | +0.000 | +0.00% |
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Silver •801 days | 30.82 | +1.16 | +3.92% |
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Silver • 801 days | 30.82 | +1.16 | +3.92% | |
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Copper • 801 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 1 day | 104.61 | -3.02 | -2.81% | |
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Natural Gas • 1 day | 2.831 | -0.003 | -0.11% | |
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Heating Oil • 1 day | 4.959 | -0.098 | -1.94% |
An economic slowdown in many…
Forever 21 filed for Chapter…
The Economic Community of West…
GLD - on sell signal.
SLV - on sell signal.
GDX - on sell signal.
XGD.TO - on sell signal.
CEF - on sell signal.
Gold is now in a 13 month consolidation, and if the bear market continues, should see a breakdown in coming months.
A breakout on USD is not supportive for metal prices.
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 in for the metals.
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