• 529 days Will The ECB Continue To Hike Rates?
  • 529 days Forbes: Aramco Remains Largest Company In The Middle East
  • 531 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 931 days Could Crypto Overtake Traditional Investment?
  • 936 days Americans Still Quitting Jobs At Record Pace
  • 937 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 941 days Is The Dollar Too Strong?
  • 941 days Big Tech Disappoints Investors on Earnings Calls
  • 942 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 943 days China Is Quietly Trying To Distance Itself From Russia
  • 944 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 948 days Crypto Investors Won Big In 2021
  • 948 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 949 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 951 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 952 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 955 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 956 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 956 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 958 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…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around 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.


Market Vectors Gold Miners Daily Chart
GDX - on buy signal.


XXGD.TO Daily Chart
XGD.TO - on buy signal.


Central Fund of Canada Daily Chart
CEF - on buy signal.


US Dollar Index Daily Chart

USD appears to be consolidating in a flag, and should break out soon.

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 now down.
Investors should consider accumulating gold stocks/ETFs at the next cycle bottom.

 

Back to homepage

Leave a comment

Leave a comment