"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •171 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 936.40 | +12.90 | +1.40% |
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WTI Crude •1 day | 69.46 | +0.08 | +0.12% |
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Gasoline •1 day | 1.942 | +0.019 | +0.98% |
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Ethanol •171 days | 2.161 | +0.000 | +0.00% |
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Silver •171 days | 30.82 | +1.16 | +3.92% |
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Silver • 171 days | 30.82 | +1.16 | +3.92% | |
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Copper • 171 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 1 day | 72.94 | +0.06 | +0.08% | |
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Natural Gas • 1 day | 3.748 | +0.164 | +4.58% | |
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Heating Oil • 1 day | 2.232 | -0.006 | -0.27% |
An economic slowdown in many…
Wells Fargo has done it…
The Economic Community of West…
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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