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

  • 6 hours Twitter CEO: The World Will Have A Single Currency
  • 7 hours Asian Currency Correction Could Signal Looming Crisis
  • 8 hours Best Buy Drops Telecom Giant Over National Security Threat
  • 9 hours The Pros And Cons Of The Federal Interest Rate Hike
  • 11 hours Good News For Gold Bulls Despite Interest Rate Hike
  • 13 hours Trump Hits China With $50 Billion In Tariffs
  • 13 hours Russian Gold Reserves Hit Record High Amid Rising Tensions With West
  • 15 hours Stocks Pull Back Following Interest Rate Hike
  • 1 day Will Regulatory Rollbacks Make Banks 'Too Big To Fail?'
  • 1 day Elon Musk’s $2.6 Billion Tesla Challenge
  • 1 day Tech Giants Could Be First Victims Of U.S. Trade War
  • 1 day Dow Gains Despite Fed’s Rate Hike
  • 1 day The Biggest Threat To Chinese Oil Futures
  • 1 day Spending Bill Could Cause U.S. Debt To Soar To 99% Of GDP
  • 2 days Precious Metals Slide Ahead Of Fed’s Interest Rate Decision
  • 2 days China’s Soft Power Grab May Be Bad News For Emerging Economies
  • 2 days The Secretive Wall Street Firm Betting On Bitcoin
  • 2 days ‘Data Is King’: The Oil Industry’s Next Most Valuable Resource
  • 2 days Google Invests $300 Million To Combat Fake News
  • 2 days Zuckerberg Dodges A Bullet As Facebook Loses Billions

This Past Week in Gold

SPDR Gold Trust Shares Daily Chart
GLD - on buy signal.

iShares Silver Trust Daily Chart
SLV - on buy signal.

Market Vectors Gold Miners Daily Chart
GDX - on buy signal.

XGD.TO Daily Chart
XGD.TO - on buy signal.

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

Gold Daily Chart

Gold has poked above the 200ema again, prompting breakout calls from some analysts. In a bear market, time is ripe for short sellers to return at current level. And if gold has bottomed and a new bull market is born, price action and COT data will confirm that over the next few weeks.

Long term - on major sell signal since Mar 2012 when $HUI was at 550.
Short term - on buy signals.
Gold sector cycle - up as of 11/14.
A bear market rally is in progress.
COT data suggests lower metal prices overall going forward.


Back to homepage

Leave a comment

Leave a comment

Sign Up For The Safehaven Newsletter