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This Past Week in Gold

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


iShares Siulver Trust Daily Chart
SLV – on sell signal.


VanEck Gold Miners ETF 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.

HUI Gold Bugs Index Weekly Chart

A head & shoulder topping pattern has been confirmed, expect lower prices overall.

Summary
Long term – on major buy signal.
Short term – on sell signals.
Gold sector cycle is down.
Trend is down.
Correction continues.

 

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