• 738 days Will The ECB Continue To Hike Rates?
  • 738 days Forbes: Aramco Remains Largest Company In The Middle East
  • 740 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,140 days Could Crypto Overtake Traditional Investment?
  • 1,145 days Americans Still Quitting Jobs At Record Pace
  • 1,147 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,150 days Is The Dollar Too Strong?
  • 1,150 days Big Tech Disappoints Investors on Earnings Calls
  • 1,151 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,152 days China Is Quietly Trying To Distance Itself From Russia
  • 1,153 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,157 days Crypto Investors Won Big In 2021
  • 1,157 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,158 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,160 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,161 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,164 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,165 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,165 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,167 days Are NFTs About To Take Over Gaming?
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…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  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 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 - up as of 1/08.
Only aggressive and nimble traders should participate in the current market condition.
Preferrably, wait for the completion of the recovery and begin shorting again.

 


$$$ Free report this week only:
In appreciation of your constant feedback and comments in the past year, receive our new year report at no cost and without obligations. Your email addresses are not kept on file and there will be no solicitation from us.
Send your request to: bullsalive@gmail.com

 

Back to homepage

Leave a comment

Leave a comment