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

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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.

 

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