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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.

 

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