• 311 days Will The ECB Continue To Hike Rates?
  • 312 days Forbes: Aramco Remains Largest Company In The Middle East
  • 313 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 713 days Could Crypto Overtake Traditional Investment?
  • 718 days Americans Still Quitting Jobs At Record Pace
  • 720 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 723 days Is The Dollar Too Strong?
  • 723 days Big Tech Disappoints Investors on Earnings Calls
  • 724 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 726 days China Is Quietly Trying To Distance Itself From Russia
  • 726 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 730 days Crypto Investors Won Big In 2021
  • 730 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 731 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 733 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 734 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 737 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 738 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 738 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 740 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

  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 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.


Daily Gold Chart

Speculation according to COT data made another new high this week, but prices remain below the 2015 high of 1306.

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.
The metals are vulnerable to a multi week correction which is long overdue.
Caution is advised.

 

Back to homepage

Leave a comment

Leave a comment