"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •479 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 1,601.60 | +4.90 | +0.31% |
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WTI Crude •1 day | 61.50 | -0.29 | -0.47% |
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Gasoline •1 day | 1.923 | -0.004 | -0.22% |
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Ethanol •479 days | 2.161 | +0.000 | +0.00% |
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Silver •479 days | 30.82 | +1.16 | +3.92% |
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Silver • 479 days | 30.82 | +1.16 | +3.92% | |
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Copper • 479 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 1 day | 65.94 | -0.05 | -0.08% | |
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Natural Gas • 1 day | 3.304 | -0.040 | -1.20% | |
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Heating Oil • 1 day | 2.403 | +0.000 | +0.00% |
An economic slowdown in many…
Wells Fargo has done it…
This aging bull market may…
GLD - on buy signal.
SLV - on buy signal.
GDX - on buy signal.
XGD.TO - on buy signal.
CEF - on buy signal.
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.
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