• 1 day America's Semiconductor Shortage Is Just Getting Started
  • 1 day America's Semiconductor Shortage Is Just Getting Started
  • 4 days The EU Begins Backtracking On China Trade
  • 5 days Americans Are Sick Of Unfair Taxation
  • 7 days No Jab, No Job: The New Hardline Policy of U.S. Employers
  • 9 days What’s Included In Biden’s $6 Trillion Economic Plan?
  • 10 days The “Great Car Comeback” Brightens Oil Demand Outlook
  • 11 days The 3 Most Profitable Covid-19 Vaccine Stocks
  • 13 days Beijing Launches Digital Currency To Break AliPay-WeChat Duopoly
  • 14 days The New Economic World Order After Covid-19
  • 18 days 3 Signals To Watch For A Stock Market Correction
  • 20 days Netflix Earnings Red Alert: Subscriptions Could Underwhelm
  • 21 days Wall Street Banks Are Back
  • 21 days Elon Musk’s SpaceX Scores Big Win Over Jeff Bezos’ Blue Origin
  • 22 days Which Country Is The World’s Largest Investor In Batteries?
  • 24 days Are Bitcoin’s Environmental Risks Overblown?
  • 24 days Why The Gold Rush Ran Out Of Steam
  • 27 days Coinbase IPO Explodes, But Fails To Keep Its Momentum
  • 27 days China Slaps Alibaba With Record $2.75B Antitrust Fine
  • 28 days The Pandemic Has Culled The Middle Class
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

  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.


HUI:GLD Daily 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