"No warning can save people determined to grow suddently rich" - Lord Overstone
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Gold •10 mins | 1,499.50 | -7.90 | -0.52% |
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Platinum •10 mins | 952.20 | -0.40 | -0.04% |
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WTI Crude •2 days | 54.85 | -0.24 | -0.44% |
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Gasoline •2 days | 1.535 | +0.000 | +0.03% |
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Ethanol •2 days | 1.356 | +0.010 | +0.74% |
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Silver •10 mins | 17.57 | -0.61 | -3.34% |
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Silver • 10 mins | 17.57 | -0.61 | -3.34% | |
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Copper • 10 mins | 2.700 | +0.059 | +2.23% | |
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Brent Crude • 2 days | 60.22 | -0.16 | -0.26% | |
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Natural Gas • 2 days | 2.614 | +0.040 | +1.55% | |
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Heating Oil • 2 days | 1.878 | -0.007 | -0.39% |
During the quarter there were…
Welcome to Art Basel: The…
Modern monetary theory has been…
GLD - on buy signal.
SLV - on buy signal.
GDX - on buy signal.
XGD.TO - on buy signal.
CEF - on buy signal.
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.
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