"No warning can save people determined to grow suddently rich" - Lord Overstone

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London’s $13T Metals Exchange Just Got Even Hotter

London’s $13T Metals Exchange Just Got Even Hotter

As the electric vehicle industry…

FANG Stocks May Be Due For A Correction

FANG Stocks May Be Due For A Correction

With the Nasdaq hitting an…

The Yuan Could Become Africa’s New Trade Currency

The Yuan Could Become Africa’s New Trade Currency

Central bankers from various African…

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 buy signal.


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


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


Daily Gold Chart

One of my criterias to confirm a bull market is when COT data has returned to bull market values.

Summary
Long term - on major sell signal since Mar 2012 when $HUI was at 550.
Short term - on buy signals.
Gold sector cycle - up.
Once a bull market is confirmed in the gold sector, I will begin buying/accumulating at cycle bottoms as we did beginning in 2001.

 

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