"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 sell signal.

Market Vectors Gold Miners Daily Chart
GDX - on sell signal.

XGD.TO Daily Chart
XGD.TO - on sell signal.

Central Fund of Canada Daily Chart
CEF - new buy signal.

Gold Bugs Index Daily Chart

The $HUI 150 area is now major resistance, therefore, the lower prices can go during this sell off, the better potential return during the next tradable bottom.

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.
A tradable bottom should be in progress soon, be patient.


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