"No warning can save people determined to grow suddently rich" - Lord Overstone
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Gold •10 mins | 1,648.80 | +28.30 | +1.75% |
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Platinum •10 mins | 976.10 | -2.90 | -0.30% |
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WTI Crude •4 hours | 53.38 | -0.50 | -0.93% |
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Gasoline •4 hours | 1.761 | -0.023 | -1.31% |
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Ethanol •6 hours | 1.342 | -0.008 | -0.59% |
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Silver •10 mins | 18.53 | +0.21 | +1.15% |
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Silver • 10 mins | 18.53 | +0.21 | +1.15% | |
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Copper • 10 mins | 2.608 | +0.020 | +0.77% | |
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Brent Crude • 3 hours | 57.94 | -0.86 | -1.46% | |
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Natural Gas • 4 hours | 1.917 | -0.014 | -0.73% | |
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Heating Oil • 4 hours | 1.682 | -0.011 | -0.67% |
The Economic Community of West…
More freeports open around the…
An economic slowdown in many…
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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