"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •15 mins | 2,341.40 | +3.00 | +0.13% |
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Platinum •15 mins | 920.40 | +4.60 | +0.50% |
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WTI Crude •10 mins | 82.48 | -0.33 | -0.40% |
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Gasoline •10 mins | 2.726 | -0.008 | -0.29% |
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Ethanol •20 hours | 2.161 | +0.000 | +0.00% |
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Silver •15 mins | 27.37 | +0.02 | +0.07% |
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Silver • 15 mins | 27.37 | +0.02 | +0.07% | |
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Copper • 15 mins | 4.539 | +0.052 | +1.16% | |
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Brent Crude • 10 mins | 87.90 | -0.12 | -0.14% | |
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Natural Gas • 10 mins | 1.626 | -0.027 | -1.63% | |
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Heating Oil • 10 mins | 2.528 | -0.022 | -0.87% |
Stocks sold off last week…
Forever 21 filed for Chapter…
An economic slowdown in many…
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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