"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •467 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 1,683.00 | -8.80 | -0.52% |
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WTI Crude •11 mins | 58.50 | -0.99 | -1.66% |
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Gasoline •11 mins | 1.825 | -0.019 | -1.03% |
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Ethanol •467 days | 2.161 | +0.000 | +0.00% |
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Silver •467 days | 30.82 | +1.16 | +3.92% |
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Silver • 467 days | 30.82 | +1.16 | +3.92% | |
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Copper • 467 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 11 mins | 62.27 | -1.05 | -1.66% | |
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Natural Gas • 11 mins | 3.065 | -0.053 | -1.70% | |
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Heating Oil • 11 mins | 2.223 | -0.027 | -1.19% |
An economic slowdown in many…
More freeports open around the…
This aging bull market may…
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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