"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •369 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 1,385.10 | +11.80 | +0.86% |
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WTI Crude •10 mins | 67.41 | -0.52 | -0.77% |
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Gasoline •10 mins | 2.145 | -0.007 | -0.32% |
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Ethanol •369 days | 2.161 | +0.000 | +0.00% |
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Silver •369 days | 30.82 | +1.16 | +3.92% |
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Silver • 369 days | 30.82 | +1.16 | +3.92% | |
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Copper • 369 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 69.17 | -0.41 | -0.59% | |
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Natural Gas • 10 mins | 3.384 | -0.028 | -0.82% | |
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Heating Oil • 10 mins | 2.396 | -0.025 | -1.04% |
During the quarter there were…
More freeports open around the…
Forever 21 filed for Chapter…
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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