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Strong U.S. Dollar Weighs On Blue Chip Earnings

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Earnings season is well underway,…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

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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 buy 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 sell signal.


SPDR Gold Trust Shares Daily Chart 2

GLD has broken resistance and established support, providing low risk entry.

Summary
Long term - on major sell signal since Mar 2012 when $HUI was at 550.
Short term - on mixed signals.
Gold sector cycle - up as of 9/11.
Traders can play for short term bounces.

 

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