"No warning can save people determined to grow suddently rich" - Lord Overstone
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Gold •15 mins | 1,512.50 | -3.20 | -0.21% |
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Platinum •15 mins | 855.50 | +2.70 | +0.32% |
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Bitcoin •1 min | 10,093.48 | -641.72 | -5.98% |
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WTI Crude •11 mins | 55.78 | -0.35 | -0.62% |
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Gasoline •11 mins | 1.560 | +0.012 | +0.77% |
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Silver •15 mins | 17.12 | -0.03 | -0.16% |
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Silver • 15 mins | 17.12 | -0.03 | -0.16% | |
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Copper • 15 mins | 2.579 | +0.001 | +0.02% | |
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Ethereum • 1 min | 184.92 | -10.84 | -5.54% | |
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Brent Crude • 11 mins | 60.26 | +0.23 | +0.38% | |
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Natural Gas • 11 mins | 2.179 | -0.040 | -1.80% |
It’s a mistake to view…
Stocks sold off last week…
Modern monetary theory has been…
GLD - on buy signal.
SLV - on buy signal.
GDX - on sell signal.
XGD.TO - on sell signal.
CEF - on buy 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.
Only aggressive and nimble traders should participate in the current market condition.
Preferably, wait for the completion of the recovery and begin shorting again.
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