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Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

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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 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.


US Dollar Daily Chart

USD - is now bound by support and resistance. A break either way will set the direction in coming weeks and months.

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 - is up.
FOMC next week and Brexit the week after will likely make or break the dollar, thus affecting the metals

 

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