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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

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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.

 

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