• 5 hours America’s Multi-Front Meltdown
  • 10 hours Gold Up As U.S. Civil Unrest Escalates
  • 12 hours How BlackRock Became King Of ESG Investing
  • 1 day Americans Don’t Care if TikTok Is A Security Threat
  • 2 days What’s Next In The Trump vs. Twitter Drama?
  • 3 days Escalating Tensions Could Crush $52 Billion China-U.S. Energy Deal
  • 4 days The Fed Is Printing Money At Unprecedented Levels
  • 4 days How Is The Real Estate Market Handling COVID-19?
  • 4 days Gold Flat As Markets Await Fed Chair Speech
  • 4 days What Is Day Trading And Is It Right For You?
  • 4 days Energy CEOs See Big Payouts Despite Oil Price Crash
  • 4 days Saudi Arabia Is Fighting A War On Two Fronts
  • 5 days 40 Million Jobless As Pandemic Fuels Economic Collapse
  • 5 days What Do India's Latest Reforms Mean For Its Coal Industry?
  • 5 days Copper Glut Continues To Grow
  • 5 days How A Pandemic Made Americans Better Workers
  • 5 days The Trillion Dollar Space Race Crosses Another Milestone
  • 6 days Gold Prices Fall As Stock Market Sentiment Turns Positive
  • 6 days Conspiracy Theories Set Tone For 5G Cold War
  • 6 days Working From Home Will Transform The Energy Industry
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

  1. Home
  2. Markets
  3. Other

This Past Week in Gold

SPDR Gold Trust Shares Daily Chart
GLD - on buy signal.


iShares Siver 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 buy signal.


Spot Gold Daily Chart

As expected from last week's update, gold poked above the 200ema just like before and it is at or near a top.

Summary
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 9/11.
Traders can play for short term bounces but upside should be limited from here.

 

Back to homepage

Leave a comment

Leave a comment