• 844 days Will The ECB Continue To Hike Rates?
  • 845 days Forbes: Aramco Remains Largest Company In The Middle East
  • 846 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,246 days Could Crypto Overtake Traditional Investment?
  • 1,251 days Americans Still Quitting Jobs At Record Pace
  • 1,253 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,256 days Is The Dollar Too Strong?
  • 1,256 days Big Tech Disappoints Investors on Earnings Calls
  • 1,257 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,259 days China Is Quietly Trying To Distance Itself From Russia
  • 1,259 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,263 days Crypto Investors Won Big In 2021
  • 1,263 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,264 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,266 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,267 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,270 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,271 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,271 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,273 days Are NFTs About To Take Over Gaming?
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…

  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.


VanEck Vectors Gold Miners ETF 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 on gold made a new all time high this week, despite gold being more than $600 lower than the 2011 top. Gold could be making another major top here.

Summary
Long term - on a new major buy signal, ending the major sell signal from early 2012.
Short term - on buy signals.
Gold sector cycle - turned down this week.
Caution is advised as a multi week correction may have begun.

 

Back to homepage

Leave a comment

Leave a comment