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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 - on sell signal.

SPDR Gold Trust Shares Daily Chart 2
Gold is now in a 13 month consolidation, and if the bear market continues, should see a breakdown in coming months.

US Dollar Index Daily Chart
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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