"No warning can save people determined to grow suddently rich" - Lord Overstone

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Snap Shares Tank Over ‘Slap Rihanna’ Campaign

Snap Shares Tank Over ‘Slap Rihanna’ Campaign

Snapchat’s share prices tumbled after…

Alibaba Soars On Reports Of China Listing

Alibaba Soars On Reports Of China Listing

Chinese e-commerce giant Alibaba saw…

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 Chat
XGD.TO - on sell signal.

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

US Dollar Index Monthly Chart

Some folks have been watching the dollar rising sharply in disbelief during the past few weeks, which is not friendly to the metals. Our proprietary trading model has been favoring the dollar over the metals since 2012 and until this long term trend reverses, we remain bullish on USD and bearish on metals.

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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