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Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

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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.

 


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