"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •137 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 956.00 | +10.90 | +1.15% |
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WTI Crude •10 mins | 67.26 | +0.24 | +0.36% |
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Gasoline •10 mins | 1.958 | +0.008 | +0.43% |
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Ethanol •137 days | 2.161 | +0.000 | +0.00% |
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Silver •137 days | 30.82 | +1.16 | +3.92% |
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Silver • 137 days | 30.82 | +1.16 | +3.92% | |
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Copper • 137 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 71.37 | +0.33 | +0.46% | |
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Natural Gas • 10 mins | 2.923 | +0.100 | +3.54% | |
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Heating Oil • 10 mins | 2.186 | +0.016 | +0.71% |
An economic slowdown in many…
Wells Fargo has done it…
The Economic Community of West…
GLD - on buy signal.
SLV - on sell signal.
GDX - on sell signal.
XGD.TO - on sell signal.
CEF - on sell signal.
Gold bounced sharply from the divergence but stocks are lagging. Unless this is negated soon, another divergence could be in play which is bearish.
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.
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