"No warning can save people determined to grow suddently rich" - Lord Overstone
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Gold •15 mins | 1,505.10 | -6.40 | -0.42% |
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Platinum •15 mins | 935.60 | -3.60 | -0.38% |
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WTI Crude •11 mins | 61.88 | -1.02 | -1.62% |
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Gasoline •11 mins | 1.720 | -0.010 | -0.56% |
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Ethanol •11 mins | 1.407 | +0.009 | +0.64% |
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Silver •15 mins | 17.91 | -0.12 | -0.64% |
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Silver • 15 mins | 17.91 | -0.12 | -0.64% | |
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Copper • 15 mins | 2.619 | -0.022 | -0.83% | |
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Brent Crude • 11 mins | 66.59 | -1.09 | -1.61% | |
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Natural Gas • 10 mins | 2.677 | -0.004 | -0.15% | |
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Heating Oil • 10 mins | 2.074 | -0.010 | -0.48% |
Modern monetary theory has been…
Welcome to Art Basel: The…
During the quarter there were…
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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