"No warning can save people determined to grow suddently rich" - Lord Overstone

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The App That Democratized Trading Is Now Worth $5B

The App That Democratized Trading Is Now Worth $5B

Investors and customers have rallied…

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Can This Bull Market Become The Longest In History?

Positive job growth and confident…

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Why Aren’t Millennials Investing?

After watching previous generations take…

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 Vectors Gold Miners Daily Chart
GDX – on buy signal.

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

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

US Dollar Index Daily Chart
USD – on buy signal, which is not friendly to the metals.

Canadian Dollar Daily Chart

The Canadian dollar is greatly influenced by commodity prices, especially sensitive to crude oil and metals. Since making a V bottom early this year, the loonie has been sideways consolidating for the past five months. Logically, we should see a bullish resolution.

Long term – on major buy signal.
Short term – on mixed 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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