"No warning can save people determined to grow suddently rich" - Lord Overstone

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Markets are enjoying a less-threatening…

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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 buy signal.

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

Cetral Fund of canada Daily Chart
CEF - on buy signal.

HUI:GLD Weekly Chart

The big trend remains down although we may see another multi month consolidation to begin now.

Long term - on major sell signal since Mar 2012 when $HUI was at 550.
Short term - on buy signals.
Gold sector cycle - up as of 8/14.
Traders can consider some positions if risks are manageable.


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