"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •368 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 1,410.00 | +2.90 | +0.21% |
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WTI Crude •10 mins | 66.14 | -0.36 | -0.54% |
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Gasoline •11 mins | 2.107 | -0.010 | -0.49% |
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Ethanol •368 days | 2.161 | +0.000 | +0.00% |
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Silver •368 days | 30.82 | +1.16 | +3.92% |
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Silver • 368 days | 30.82 | +1.16 | +3.92% | |
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Copper • 368 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 67.92 | -0.38 | -0.56% | |
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Natural Gas • 10 mins | 3.342 | -0.045 | -1.33% | |
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Heating Oil • 10 mins | 2.403 | -0.006 | -0.25% |
Wells Fargo has done it…
During the quarter there were…
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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