"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •363 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 1,360.10 | +1.40 | +0.10% |
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WTI Crude •10 mins | 65.50 | +0.05 | +0.08% |
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Gasoline •11 mins | 2.095 | -0.006 | -0.28% |
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Ethanol •363 days | 2.161 | +0.000 | +0.00% |
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Silver •363 days | 30.82 | +1.16 | +3.92% |
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Silver • 363 days | 30.82 | +1.16 | +3.92% | |
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Copper • 363 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 67.19 | +0.08 | +0.12% | |
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Natural Gas • 10 mins | 3.419 | +0.004 | +0.12% | |
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Heating Oil • 12 mins | 2.336 | +0.009 | +0.38% |
During the quarter there were…
Forever 21 filed for Chapter…
Wells Fargo has done it…
GLD - new buy signal this week.
SLV - new buy signal this week.
GDX - on sell signal.
XGD.TO - on sell signal.
CEF - new buy signal this week.
Speculation in gold has reached levels of previous bottoms typical of a bear market, should see a bounce in the near term.
Summary
Long term - on major sell signal since Mar 2012 when $HUI was at 550.
Short term - on mixed signals.
Gold sector cycle - down as of 2/07, ending the up cycle since November.
COT data favors a bounce.
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