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

  • 13 hours The $85B Merger That Could Change The Media Forever
  • 14 hours Why Are Governments Creating Their Own Cryptocurrencies?
  • 15 hours How Debt Cycles Impact Gold
  • 16 hours Investors Up the Ante In $1.5B Uber Loan Deal
  • 18 hours Are Gold Miners Poised For A Breakout?
  • 19 hours Is The "Crypto Winter“ Over?
  • 21 hours China Says It Doesn’t Fear Trade War
  • 2 days Twitter CEO: The World Will Have A Single Currency
  • 2 days Asian Currency Correction Could Signal Looming Crisis
  • 2 days Best Buy Drops Telecom Giant Over National Security Threat
  • 2 days The Pros And Cons Of The Federal Interest Rate Hike
  • 2 days Good News For Gold Bulls Despite Interest Rate Hike
  • 2 days Trump Hits China With $50 Billion In Tariffs
  • 2 days Russian Gold Reserves Hit Record High Amid Rising Tensions With West
  • 2 days Stocks Pull Back Following Interest Rate Hike
  • 3 days Will Regulatory Rollbacks Make Banks 'Too Big To Fail?'
  • 3 days Elon Musk’s $2.6 Billion Tesla Challenge
  • 3 days Tech Giants Could Be First Victims Of U.S. Trade War
  • 3 days Dow Gains Despite Fed’s Rate Hike
  • 3 days The Biggest Threat To Chinese Oil Futures

This Past Week in Gold

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.

Gold Bugs Index Daily Chart

Gold stocks remained locked in a major down trend and until this trend is reversed, buyers beware.

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 4/10.
A corrective bounce is in progress.


Back to homepage

Leave a comment

Leave a comment

Sign Up For The Safehaven Newsletter