• 1,187 days Will The ECB Continue To Hike Rates?
  • 1,188 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,189 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,589 days Could Crypto Overtake Traditional Investment?
  • 1,594 days Americans Still Quitting Jobs At Record Pace
  • 1,596 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,599 days Is The Dollar Too Strong?
  • 1,599 days Big Tech Disappoints Investors on Earnings Calls
  • 1,600 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,602 days China Is Quietly Trying To Distance Itself From Russia
  • 1,602 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,606 days Crypto Investors Won Big In 2021
  • 1,606 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,607 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,609 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,610 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,613 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,614 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,614 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,616 days Are NFTs About To Take Over Gaming?
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

This Past Week in Gold

SPDR Gold Trust Shares Daily Chart
GLD - back to sell signal this week.


iShares Silver Trust Daily Chart
SLV - on sell signal.


Market Vectors Gold Miners Daily Chart
GDX - back to sell signal this week.


XGD.TO Daily Chart
XGD.TO - back to sell signal this week.


Central Fund of Canada Daily Chart
CEF - on sell signal.


HUI Gold Bugs Index Daily Chart
The inverted head & shoulder bottom has yet to materialize as prices have trouble breaking resistance so far.


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

 

Back to homepage

Leave a comment

Leave a comment