• 4 hours What Does Tesla's Million-Mile Battery Mean For Green Energy?
  • 6 hours U.S.-China Tensions Are Reaching A Boiling Point
  • 8 hours Gold Remains Strong Amid Increasing Economic Uncertainty
  • 23 hours Morgan Stanley And Goldman Sachs Are Betting Big On This Budding Industry
  • 23 hours Global Corporate Debt Soars To $9 Trillion
  • 1 day The Fed’s Slippery Slope
  • 1 day Precious Metals Pulled Ahead Of The Pack In The First Half Of 2020
  • 1 day Tesla Faces $20 Billion In Short Interest
  • 1 day China's Economic Recovery Remains Tepid
  • 1 day Silver Inches Closer To $20
  • 1 day The Secret Life Of Lithium
  • 2 days The Pandemic Proof $53 Billion Industry Wall Street Can’t Ignore
  • 2 days Will Gold Hit $2,000?
  • 2 days Trump’s Proposed Regulation Could Slow The ESG Boom
  • 3 days India To Auction 41 Coal Assets
  • 3 days Eldorado Sees Gold Production Soar In Second Quarte
  • 4 days Do Gold Stocks Still Have Upside Potential?
  • 5 days The S&P 500’s Top Companies Hold $2.5 Trillion In Debt
  • 5 days Electric Vehicle Rebound Bolsters Battery Metal Growth
  • 6 days BlackRock Makes A Run On Asian Stocks
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

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.

Summary
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.

 

Back to homepage

Leave a comment

Leave a comment