• 15 hours The EU Begins Backtracking On China Trade
  • 2 days Americans Are Sick Of Unfair Taxation
  • 4 days No Jab, No Job: The New Hardline Policy of U.S. Employers
  • 6 days What’s Included In Biden’s $6 Trillion Economic Plan?
  • 7 days The “Great Car Comeback” Brightens Oil Demand Outlook
  • 8 days The 3 Most Profitable Covid-19 Vaccine Stocks
  • 10 days Beijing Launches Digital Currency To Break AliPay-WeChat Duopoly
  • 11 days The New Economic World Order After Covid-19
  • 15 days 3 Signals To Watch For A Stock Market Correction
  • 17 days Netflix Earnings Red Alert: Subscriptions Could Underwhelm
  • 18 days Wall Street Banks Are Back
  • 18 days Elon Musk’s SpaceX Scores Big Win Over Jeff Bezos’ Blue Origin
  • 19 days Which Country Is The World’s Largest Investor In Batteries?
  • 20 days Are Bitcoin’s Environmental Risks Overblown?
  • 21 days Why The Gold Rush Ran Out Of Steam
  • 23 days Coinbase IPO Explodes, But Fails To Keep Its Momentum
  • 24 days China Slaps Alibaba With Record $2.75B Antitrust Fine
  • 25 days The Pandemic Has Culled The Middle Class
  • 26 days Legacy Automakers See Massive Spike In Sales
  • 27 days Tesla's Biggest Competitor Is Going Cobalt-Free
  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