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

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Tesla Tumbles As Investors Lose Patience

Tesla Tumbles As Investors Lose Patience

As Tesla’s Model 3 looks…

The Pros And Cons Of The Federal Interest Rate Hike

The Pros And Cons Of The Federal Interest Rate Hike

The United States Federal Reserve…

Trump's Trade War Nears Boiling Point

Trump's Trade War Nears Boiling Point

Trump’s trade war appears to…

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 Canda Daily Chart
CEF - on sell signal.

US Dollar Index Monthly Chart
USD is poised to break out on a long term basis.....

US Dollar Index Daily Chart

... but short term may pullback from a rising wedge pattern, which may provide some relief to the metals and stocks.


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 who are currently short should consider taking partial profits and short again at the completion of a recovery rally.


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