"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •294 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 980.70 | +1.10 | +0.11% |
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WTI Crude •10 mins | 62.30 | +0.03 | +0.05% |
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Gasoline •11 mins | 2.086 | +0.002 | +0.09% |
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Ethanol •294 days | 2.161 | +0.000 | +0.00% |
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Silver •294 days | 30.82 | +1.16 | +3.92% |
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Silver • 294 days | 30.82 | +1.16 | +3.92% | |
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Copper • 294 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 66.11 | -0.01 | -0.02% | |
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Natural Gas • 10 mins | 2.866 | -0.156 | -5.16% | |
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Heating Oil • 10 mins | 2.127 | +0.000 | +0.01% |
Stocks sold off last week…
Forever 21 filed for Chapter…
This aging bull market may…
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.
Sign up to the
