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Financial Sector Reports Record Profits

Financial Sector Reports Record Profits

The financial sector had a…

One Commodity Set To Soar On Russian Sanctions

One Commodity Set To Soar On Russian Sanctions

The recent sanctions on Russia's…

This Past Week in Gold

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


iShares Silver Trust Daily Chart
SLV – on sell signal.


VanEck Vectors Gold Miners Daily Chart
GDX – on sell signal.


XGD.TO Daily Chart
XGD.TO – on sell signal.


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


US Dollar Index Daily Chart
USD is on buy signal.

Summary
Long term – on a major buy signal.
Short term – on sell signals.
Gold sector cycle – is down.
Investors should consider accumulating gold stocks/ETFs at the next cycle bottom as a correction is in progress.

 

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