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

  • 1 day U.S. Money Market Funds Post Highest Outflows Since 2011
  • 1 day Hedge Funds Turn Bearish On The Australian Dollar
  • 1 day Tech Unicorns Are Taking Over European Stock Markets
  • 1 day Trump Orders “Space Force” With Zero Support
  • 2 days How Long Will The Gold Rout Last?
  • 2 days The Wild Card In The New Eurozone Budget Agreement
  • 2 days Why Investors Must Look At Small-Cap Stocks
  • 2 days Banking Major Pays $42M For Misleading Customers
  • 2 days Rookie Daytrader Accidentally Makes $10 Million Profit
  • 2 days Flying Cars Are No Longer Science Fiction
  • 2 days The Internet Fights Back As EU's Controversial Copyright Bill Passes
  • 3 days Is Gold Preparing For A Reversal?
  • 3 days Tech Giants Under Fire For Facial Recognition
  • 3 days 4 Reasons Why Gold Investors Should Keep A Cool Head
  • 3 days Hackers Lift $30 Million In Crypto From South Korean Exchange
  • 3 days Tax Reform Could Push U.S. Profits Abroad
  • 3 days Pot Stocks Soar As Canada Legalizes Cannabis
  • 3 days How Chinese Investors Could Send The Tech Boom Into Overdrive
  • 4 days U.S. Market Growth Weighs On The Global Economy
  • 4 days The Trials And Tribulations Of A $4 Billion Blockchain
Google Takes Aim At Amazon And Alibaba

Google Takes Aim At Amazon And Alibaba

Google has announced that it…

Stock Markets Open Lower On Renewed Trade War Fears

Stock Markets Open Lower On Renewed Trade War Fears

Stock markets opened lower on…

How Chinese Investors Could Send The Tech Boom Into Overdrive

How Chinese Investors Could Send The Tech Boom Into Overdrive

Chinese residents have long-since missed…

This Past Week in Gold

SPDR Gold Trust Shares Daily Chart
GLD - on sell 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.


Gold Daily Chart

Speculation remains at bear market values and gold prices are below the 2015 high.

Summary
Long term - on a new major buy signal, ending the major sell signal from early 2012.
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