• 672 days Will The ECB Continue To Hike Rates?
  • 672 days Forbes: Aramco Remains Largest Company In The Middle East
  • 674 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,074 days Could Crypto Overtake Traditional Investment?
  • 1,079 days Americans Still Quitting Jobs At Record Pace
  • 1,081 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,084 days Is The Dollar Too Strong?
  • 1,084 days Big Tech Disappoints Investors on Earnings Calls
  • 1,085 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,087 days China Is Quietly Trying To Distance Itself From Russia
  • 1,087 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,091 days Crypto Investors Won Big In 2021
  • 1,091 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,092 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,094 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,095 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,098 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,099 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,099 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,101 days Are NFTs About To Take Over Gaming?
Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

  1. Home
  2. Markets
  3. Other

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.


iShares Silver Trust Daily Chart 2

Silver has a tendency of leading gold up and down. A breakdown from the currently year long consolidation will affect the entire precious metal sector.


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