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

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Economic Pressures Weigh On Banks And Borrowers

Economic Pressures Weigh On Banks And Borrowers

Banks and borrowers are under…

Consumer Confidence Fails To Boost Retail Sales

Consumer Confidence Fails To Boost Retail Sales

Consumer confidence measured by market…

This Past Week in Gold

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

Spot Gold Daily Chart

Speculation is now at the lowest level since 2001, primed for a recovery over the next few weeks.

HUI Gold Bugs Index Daily Chart

However, the long term trend remains down, with a multi month consolidation is progress.

Long term - on major sell signal since Mar 2012 when $HUI was at 550.
Short term - on buy signals.
Gold sector cycle - down as of 10/30.
Only aggressive and nimble traders should participate in the current market condition.
Preferrably, wait for the completion of the recovery and begin shorting again.


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