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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…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

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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 Vectors 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.


Gold Bugs Index Weekly Chart
A top has been confirmed, any rally/bounce is counter trend until resistance is broken.


US Dollar Index Monthly Chart

USD - as long as the dollar remains in a bull market from our major buy signal in 2011, precious metals will be under pressure 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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