• 1,014 days Will The ECB Continue To Hike Rates?
  • 1,015 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,016 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,416 days Could Crypto Overtake Traditional Investment?
  • 1,421 days Americans Still Quitting Jobs At Record Pace
  • 1,423 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,426 days Is The Dollar Too Strong?
  • 1,426 days Big Tech Disappoints Investors on Earnings Calls
  • 1,427 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,429 days China Is Quietly Trying To Distance Itself From Russia
  • 1,429 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,433 days Crypto Investors Won Big In 2021
  • 1,433 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,434 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,436 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,437 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,440 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,441 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,441 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,443 days Are NFTs About To Take Over Gaming?
Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

  1. Home
  2. Markets
  3. Other

This Past Week in Gold

SPDR Gold Trust Shares Daily Chart
GLD - on sell signal.


iShares Silver Trust Daily Chart
SLV - on buy signal.


VanEck Gold Miners ETF Daily Chart
GDX - on sell signal.


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


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


Gold Bugs Index Weekly Chart

So far the rally has been a spike. No bull market is sustainable without a sharp correction, and it is not if but when that will happen.

Summary
Long term - on a new major buy signal, ending the major sell signal from early 2012.
Short term - on mixed 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