• 773 days Will The ECB Continue To Hike Rates?
  • 773 days Forbes: Aramco Remains Largest Company In The Middle East
  • 775 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,175 days Could Crypto Overtake Traditional Investment?
  • 1,180 days Americans Still Quitting Jobs At Record Pace
  • 1,182 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,185 days Is The Dollar Too Strong?
  • 1,185 days Big Tech Disappoints Investors on Earnings Calls
  • 1,186 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,188 days China Is Quietly Trying To Distance Itself From Russia
  • 1,188 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,192 days Crypto Investors Won Big In 2021
  • 1,192 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,193 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,195 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,196 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,199 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,200 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,200 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,202 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

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…

  1. Home
  2. Markets
  3. Other

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.


US Dollar Index Monthly Chart

The mighty dollar had a major breakout after seven years of base building and a twenty year bear market, but many analysts continue to shun the greenback, which reminds me much of the early gold bull market in 2001 and 2002.

Summary
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 but upside should be limited.
COT data suggests lower metal prices overall going forward.

 

Back to homepage

Leave a comment

Leave a comment