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Oligarch Risk: The New Red Flag For Investors

Oligarch Risk: The New Red Flag For Investors

Investors are scrambling to diversify…

Financial Sector Reports Record Profits

Financial Sector Reports Record Profits

The financial sector had a…

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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