"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •273 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 1,009.80 | +5.20 | +0.52% |
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WTI Crude •10 mins | 71.22 | +0.02 | +0.03% |
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Gasoline •10 mins | 2.343 | +0.041 | +1.77% |
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Ethanol •273 days | 2.161 | +0.000 | +0.00% |
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Silver •273 days | 30.82 | +1.16 | +3.92% |
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Silver • 273 days | 30.82 | +1.16 | +3.92% | |
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Copper • 273 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 74.25 | -0.24 | -0.32% | |
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Natural Gas • 10 mins | 4.015 | +0.064 | +1.62% | |
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Heating Oil • 10 mins | 2.316 | +0.028 | +1.20% |
Wells Fargo has done it…
The real estate market is…
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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