• 1,141 days Will The ECB Continue To Hike Rates?
  • 1,142 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,143 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,543 days Could Crypto Overtake Traditional Investment?
  • 1,548 days Americans Still Quitting Jobs At Record Pace
  • 1,550 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,553 days Is The Dollar Too Strong?
  • 1,553 days Big Tech Disappoints Investors on Earnings Calls
  • 1,554 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,556 days China Is Quietly Trying To Distance Itself From Russia
  • 1,556 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,560 days Crypto Investors Won Big In 2021
  • 1,560 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,561 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,563 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,564 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,567 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,568 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,568 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,570 days Are NFTs About To Take Over Gaming?
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…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

  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.


SPDR Gold Trust Shares Daily Chart 2

iShares Silver Trust Daily Chart 2

Both gold and silver are now tracing out a "head & shoulder" topping pattern.

 

Summary
Long term - on major sell signal since Mar 2012 when $HUI was at 550.
Short term - on buy signals.
Gold sector cycle - down as of 2/07, ending the up cycle since November.

 

Back to homepage

Leave a comment

Leave a comment