• 10 hours Contrarian Investors Are Beating The Stock Market
  • 13 hours Bulgaria’s Revenue Agency Falls Victim To Biggest Cyber Heist In History
  • 16 hours Amazon Faces European Union Anti-Trust Probe
  • 18 hours Commodities Are Having A Stellar Year
  • 1 day Bezos’ Next Big Project Could Be Worth $100 Billion Per Year
  • 1 day 3,600 Years Later, Climate Change Turns Mammoths Into $40M Market
  • 2 days Tesla, Apple Claim China Is Stealing Intellectual Property
  • 2 days EV Giants Duke It Out For Battery Dominance
  • 2 days Tech Billionaire Takes Aim At Google
  • 3 days Chinese Police Bust Largest Ever Illicit Crypto Mining Operation
  • 3 days Expect A Pullback Before Gold's Next Major Rally
  • 3 days Why Interest On Gold Matters
  • 3 days Ten Extravagant Food Items For The Wealthy Only
  • 4 days Why Saudi Arabia Won't Give Up On The Aramco IPO
  • 4 days $32 Million Crypto Heist Halts Tokyo Exchange
  • 5 days Is A Gold Selloff Looming?
  • 5 days Central Banks Are Stashing Gold And Dumping Treasuries
  • 6 days Three Cannabis Trends Flying Under Investors’ Radars
  • 6 days $1.3 Billion In Cocaine Found On JPMorgan Vessel
  • 6 days Amazon Teams Up With Lady Gaga To Win Over Generation Z
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

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 sell signal.


iShares Silver Trust Daily Chart
SLV – on sell signal.


VanEck Gold Miners Daily Chart
GDX – on sell signal.


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


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


GLD Daily Chart 2

The uptrend has ended and a correction is in progress.

Summary
Long term – on major buy signal.
Short term – on sell signals.
Gold sector cycle – is down.
Our modest positions were stopped out with small losses.
We shall now wait for the next cycle bottom, and when the correction has ended.

 

Back to homepage

Leave a comment

Leave a comment