• 388 days Could Crypto Overtake Traditional Investment?
  • 393 days Americans Still Quitting Jobs At Record Pace
  • 395 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 398 days Is The Dollar Too Strong?
  • 398 days Big Tech Disappoints Investors on Earnings Calls
  • 399 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 401 days China Is Quietly Trying To Distance Itself From Russia
  • 401 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 405 days Crypto Investors Won Big In 2021
  • 405 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 406 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 408 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 409 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 412 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 413 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 413 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 415 days Are NFTs About To Take Over Gaming?
  • 416 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 419 days What’s Causing Inflation In The United States?
  • 420 days Intel Joins Russian Exodus as Chip Shortage Digs In
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  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 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

 

Back to homepage

Leave a comment

Leave a comment