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

  • 22 mins The Secretive Wall Street Firm Betting On Bitcoin
  • 1 hour ‘Data Is King’: The Oil Industry’s Next Most Valuable Resource
  • 2 hours Google Invests $300 Million To Combat Fake News
  • 3 hours Zuckerberg Dodges A Bullet As Facebook Loses Billions
  • 4 hours Tesla Tumbles As Investors Lose Patience
  • 6 hours Are Alt-Coins On The Verge Of A Break Out?
  • 7 hours What Should Gold Investors Expect From The New Fed Chair?
  • 9 hours Who Will Pay For Trump's $60 Billion China Tariffs?
  • 1 day Vladimir Putin’s Mysterious Fortune
  • 1 day Cryptos Resist Social Media Crackdown
  • 1 day The Death Of Dodd-Frank
  • 1 day Bitcoin Bounces Back Ahead Of G20 Meeting
  • 1 day Trump's Trade War Nears Boiling Point
  • 1 day Will April Be A Turning Point For Precious Metals?
  • 1 day Economic Pressures Weigh On Banks And Borrowers
  • 1 day U.S. Political Uncertainty Keeps Stock Markets On Edge
  • 2 days Gold: The Religion Of Currency
  • 3 days Economists Polarized On Trump’s Tariff Plan
  • 4 days Why Are Investors Overlooking Gold Stocks?
  • 4 days The App That Democratized Trading Is Now Worth $5B
Why Aren’t Millennials Investing?

Why Aren’t Millennials Investing?

After watching previous generations take…

What Killed Toys ‘R’ Us?

What Killed Toys ‘R’ Us?

In another blow for America’s…

This Past Week in Gold

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

iShares Silver Trust Daily Chart
SLV - on sell signal.

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

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

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

Spot Gold Daily Chart

Just three weeks ago, some folks criticized me for being too bearish, as a few noted gold analysts have suggested that gold has broken out and a new bull market is on its way. I showed this chart with the patterns of lower highs and lower lows, combined with COT data to warn against another top and a drop to new lows. Hope it helped to keep some of you out of harm's way.

Spot Gold Daily Chart 2

COT data has helped us to identify the near term tops and bottoms effectively. Currently we are no where near a tradable bottom, let alone a new bull market.

Long term - on major sell signal since Mar 2012 when $HUI was at 550.
Short term - on sell signals.
Gold sector cycle - down as of 10/30.
Traders can sell short the bounces during the current down cycle.


Back to homepage

Leave a comment

Leave a comment

Sign Up For The Safehaven Newsletter