"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •708 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 1,733.30 | +67.60 | +4.06% |
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WTI Crude •11 mins | 85.93 | -1.78 | -2.03% |
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Gasoline •11 mins | 3.038 | -0.064 | -2.05% |
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Ethanol •708 days | 2.161 | +0.000 | +0.00% |
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Silver •708 days | 30.82 | +1.16 | +3.92% |
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Silver • 708 days | 30.82 | +1.16 | +3.92% | |
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Copper • 708 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 11 mins | 88.41 | -1.97 | -2.18% | |
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Natural Gas • 11 mins | 3.085 | -0.002 | -0.06% | |
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Heating Oil • 11 mins | 3.420 | -0.093 | -2.66% |
During the quarter there were…
Wells Fargo has done it…
Forever 21 filed for Chapter…
GLD - on buy signal.
SLV - on sell signal.
GDX - on buy signal.
XGD.TO - on buy signal.
CEF - on buy signal.
We have another divergence this week. Divergences often lead to sharp sell offs.
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 tradable bottom is not in yet for the metals.
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