"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •141 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 973.50 | +3.00 | +0.31% |
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WTI Crude •10 mins | 70.50 | +0.40 | +0.57% |
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Gasoline •25 mins | 2.066 | +0.007 | +0.34% |
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Ethanol •141 days | 2.161 | +0.000 | +0.00% |
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Silver •141 days | 30.82 | +1.16 | +3.92% |
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Silver • 141 days | 30.82 | +1.16 | +3.92% | |
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Copper • 141 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 74.58 | +0.35 | +0.47% | |
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Natural Gas • 10 mins | 3.507 | +0.168 | +5.03% | |
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Heating Oil • 40 mins | 2.282 | +0.007 | +0.31% |
An economic slowdown in many…
The Economic Community of West…
Wells Fargo has done it…
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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