• 682 days Will The ECB Continue To Hike Rates?
  • 682 days Forbes: Aramco Remains Largest Company In The Middle East
  • 684 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,084 days Could Crypto Overtake Traditional Investment?
  • 1,088 days Americans Still Quitting Jobs At Record Pace
  • 1,090 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,093 days Is The Dollar Too Strong?
  • 1,094 days Big Tech Disappoints Investors on Earnings Calls
  • 1,095 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,096 days China Is Quietly Trying To Distance Itself From Russia
  • 1,097 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,101 days Crypto Investors Won Big In 2021
  • 1,101 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,102 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,104 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,104 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,108 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,108 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,109 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,111 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

  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 ETF 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, and with the 2015 high exceeded, a new bull market in gold is now confirmed.

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