"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •316 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 994.00 | +12.80 | +1.30% |
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WTI Crude •10 mins | 61.61 | -1.54 | -2.44% |
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Gasoline •10 mins | 2.130 | -0.040 | -1.85% |
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Ethanol •316 days | 2.161 | +0.000 | +0.00% |
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Silver •316 days | 30.82 | +1.16 | +3.92% |
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Silver • 316 days | 30.82 | +1.16 | +3.92% | |
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Copper • 316 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 64.49 | -1.60 | -2.42% | |
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Natural Gas • 10 mins | 3.408 | -0.084 | -2.41% | |
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Heating Oil • 10 mins | 2.156 | -0.050 | -2.27% |
Forever 21 filed for Chapter…
During the quarter there were…
Stocks sold off last week…
GLD - on sell signal.
SLV - on buy signal.
GDX - on sell signal.
XGD.TO - on buy signal.
CEF - on sell signal.
The long term trend remains down, stay with it.
Summary
Long term - on major sell signal since Mar 2012 when $HUI was at 550.
Short term - on mixed 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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