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

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This Past Week in Gold

SPDR Gold Trust Shares Daily Chart
GLD - on sell 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.


HUI Gold Bugs Index Daily Chart

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

Summary
Long term - on major sell signal since Mar 2012 when $HUI was at 550.
Short term - on mixed signals.
Gold sector cycle - up as of 4/10.
A corrective bounce is in progress.

 

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