• 389 days Could Crypto Overtake Traditional Investment?
  • 394 days Americans Still Quitting Jobs At Record Pace
  • 396 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 399 days Is The Dollar Too Strong?
  • 399 days Big Tech Disappoints Investors on Earnings Calls
  • 400 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 402 days China Is Quietly Trying To Distance Itself From Russia
  • 402 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 406 days Crypto Investors Won Big In 2021
  • 406 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 407 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 409 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 410 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 413 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 414 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 414 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 416 days Are NFTs About To Take Over Gaming?
  • 417 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 420 days What’s Causing Inflation In The United States?
  • 421 days Intel Joins Russian Exodus as Chip Shortage Digs In
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

This Past Week in Gold

SZPDR Gold Trust Daily Chart
GLD - on sell signal.


iShares Silver Trust Daily Chart
SLV - on sell signal.


VanEck Vectors Gold Miners ETF Daily Chart
GDX - on new buy signal.


XGD.TO Daily Chart
XGD.TO - on new buy signal.


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


US Dollar Index Monthly Chart
USD broke out from the two year long consolidation. A strong dollar is not friendly to the precious metals.

VanEck Vectors Gold Miners ETF Weekly Chart

Trend remains down.

Summary
Long term - on major buy signal.
Short term - on mixed signals.
Gold sector cycle is now up.
Trend is down.
A counter trend bounce is in progress.

 

Back to homepage

Leave a comment

Leave a comment