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Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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This Past Week in Gold

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


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
The big picture remains: a multi month consolidation continues whipsawing both short term buyers and sellers.


Summary
Long term - on major sell signal since Mar 2012.
Short term - on mixed signals.
Gold sector cycle - down as of 8/8
COT data suggests a top is in for the metals.

 

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