• 1,076 days Will The ECB Continue To Hike Rates?
  • 1,076 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,078 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,478 days Could Crypto Overtake Traditional Investment?
  • 1,483 days Americans Still Quitting Jobs At Record Pace
  • 1,485 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,488 days Is The Dollar Too Strong?
  • 1,488 days Big Tech Disappoints Investors on Earnings Calls
  • 1,489 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,491 days China Is Quietly Trying To Distance Itself From Russia
  • 1,491 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,495 days Crypto Investors Won Big In 2021
  • 1,495 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,496 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,498 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,499 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,502 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,503 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,503 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,505 days Are NFTs About To Take Over Gaming?
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

  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