• 315 days Could Crypto Overtake Traditional Investment?
  • 320 days Americans Still Quitting Jobs At Record Pace
  • 322 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 325 days Is The Dollar Too Strong?
  • 325 days Big Tech Disappoints Investors on Earnings Calls
  • 326 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 328 days China Is Quietly Trying To Distance Itself From Russia
  • 328 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 332 days Crypto Investors Won Big In 2021
  • 332 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 333 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 335 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 336 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 339 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 340 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 340 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 342 days Are NFTs About To Take Over Gaming?
  • 343 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 346 days What’s Causing Inflation In The United States?
  • 347 days Intel Joins Russian Exodus as Chip Shortage Digs In
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

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 sell signal.


XGD.TO Daily Chart
XGD.TO - on sell signal.


Central Fund of canada Daily Chart
CEF - on buy signal.


US Dollar Index and Gold 1980-2016 Chart

The long term trends can last for many years.

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.

 

Back to homepage

Leave a comment

Leave a comment