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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 sell signal.


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


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


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


US Dollar Index Daily Chart

USD - the multi month correction may be over soon as prices finally reached the 200ema support this week. A rising dollar is not friendly to the metals.

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 8/28.
Traders can play for short term bounces.

 

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