• 1,088 days Will The ECB Continue To Hike Rates?
  • 1,088 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,090 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,490 days Could Crypto Overtake Traditional Investment?
  • 1,495 days Americans Still Quitting Jobs At Record Pace
  • 1,497 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,500 days Is The Dollar Too Strong?
  • 1,500 days Big Tech Disappoints Investors on Earnings Calls
  • 1,501 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,503 days China Is Quietly Trying To Distance Itself From Russia
  • 1,503 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,507 days Crypto Investors Won Big In 2021
  • 1,507 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,508 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,510 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,511 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,514 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,515 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,515 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,517 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…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

  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 sell 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.

Silver Daily Chart

According to COT data, silver is making another top with much lower prices in coming weeks.

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 5/16.
Caution is advised.

 

Back to homepage

Leave a comment

Leave a comment