• 1,189 days Will The ECB Continue To Hike Rates?
  • 1,189 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,191 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,591 days Could Crypto Overtake Traditional Investment?
  • 1,596 days Americans Still Quitting Jobs At Record Pace
  • 1,598 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,601 days Is The Dollar Too Strong?
  • 1,601 days Big Tech Disappoints Investors on Earnings Calls
  • 1,602 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,604 days China Is Quietly Trying To Distance Itself From Russia
  • 1,604 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,608 days Crypto Investors Won Big In 2021
  • 1,608 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,609 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,611 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,612 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,615 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,616 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,616 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,618 days Are NFTs About To Take Over Gaming?
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  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.


HUI:GLD Daily Chart

Our ratio remains on sell signal, but can change soon if prices continue to firm up in coming days.

Summary
Long term - on major sell signal since Mar 2012 when $HUI was at 550.
Short term - on sell signals.
Gold sector cycle - down as of 8/8
COT data suggests a major bottom is not in yet for the metals.

 

Back to homepage

Leave a comment

Leave a comment