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

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Tesla Tumbles As Investors Lose Patience

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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 sell signal.

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

Cebtral Fund of Canada Daily Chart
CEF - on buy signal.

HUI God Bugs Index Daily Chart

Some analysts have declared the bear market over in gold stocks. That is premature according to simple trend analysis. Currently $HUI is bouncing from support but until resistance is broken on the upside, the trend remains down and the bear market continues.

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.


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