"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •141 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 966.90 | -3.60 | -0.37% |
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WTI Crude •10 mins | 70.15 | +0.05 | +0.07% |
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Gasoline •13 mins | 2.058 | -0.002 | -0.09% |
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Ethanol •141 days | 2.161 | +0.000 | +0.00% |
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Silver •141 days | 30.82 | +1.16 | +3.92% |
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Silver • 141 days | 30.82 | +1.16 | +3.92% | |
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Copper • 141 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 74.36 | +0.13 | +0.18% | |
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Natural Gas • 10 mins | 3.384 | +0.045 | +1.35% | |
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Heating Oil • 16 mins | 2.281 | +0.007 | +0.29% |
An economic slowdown in many…
More freeports open around the…
Wells Fargo has done it…
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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