• 867 days Will The ECB Continue To Hike Rates?
  • 867 days Forbes: Aramco Remains Largest Company In The Middle East
  • 869 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,268 days Could Crypto Overtake Traditional Investment?
  • 1,273 days Americans Still Quitting Jobs At Record Pace
  • 1,275 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,278 days Is The Dollar Too Strong?
  • 1,279 days Big Tech Disappoints Investors on Earnings Calls
  • 1,279 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,281 days China Is Quietly Trying To Distance Itself From Russia
  • 1,281 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,285 days Crypto Investors Won Big In 2021
  • 1,286 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,286 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,289 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,289 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,292 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,293 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,293 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,295 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

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…

  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.


Gold Bugs Index Weekly Chart

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 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