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Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

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This Past Week in Gold

SPDR Gold Trust Shares Daily Chart
GLD - on buy signal.


iSheres Silver Trust Daily Chart
SLV - on sell signal.


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

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


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


VanEck Vectors Gold Miners ETF Weekly Chart
Trend remains down.


US Dollar Index Monthly Chart

USD - the long term buy signal from 2011 remains in effect.

Summary
Long term - on major buy signal.
Short term - on mixed signals.
Gold sector cycle is up.
Trend is down.
We remain neutral and out of this sector until conditions are favorable for long term accumulations.

 

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