• 9 hours Lyft IPO: Get Ready For A Bumpy Ride
  • 12 hours Newmont Mining Teases Investors With Special Dividend
  • 15 hours Central Banks Double Down On Gold
  • 17 hours Don't Write Off Cryptocurrencies Just Yet
  • 1 day Trade In Counterfeit Goods Hits Half A Trillion Dollars
  • 2 days Tesla Struggles To Compete In European Market
  • 2 days China: The New King Of Caviar
  • 3 days Gold Mid-Tiers Rally On Fresh Earnings Reports
  • 3 days Can The British Pound Overcome Brexit?
  • 4 days Is A Gold Breakout Near?
  • 4 days Federal Reserve Downgrades U.S. Growth And Cuts Rate Hikes
  • 4 days Disney Beats Out Comcast In $71.3B Mega-Merger
  • 5 days The Feds Continue To Prop Up Equities Markets
  • 5 days Bejing's Sway In South China Sea Is Fading
  • 5 days Saudis Eye Billions As Stocks Get Emerging Market Boost
  • 5 days Airbnb In Acquisition Mode Ahead Of IPO
  • 6 days Gold Hangs At $1,300 Ahead Of Fed Meeting
  • 6 days Champagne Sales Slow As European Economic Worries Grow Louder
  • 6 days Putin Signs “Digital Iron Curtain” Into Law
  • 6 days Russian Metals Magnate Sues U.S. Over Sanctions
Trade In Counterfeit Goods Hits Half A Trillion Dollars

Trade In Counterfeit Goods Hits Half A Trillion Dollars

The counterfeit market has breached…

Tesla Struggles To Compete In European Market

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

  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 sell 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 sell signal.


Gold Daily Chart

COT data remains in bear market values and is now at levels of previous tops.

Summary
Long term - on major sell signal since Mar 2012 when $HUI was at 550.
Short term - on mixed 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.

 

Back to homepage

Leave a comment

Leave a comment