"No warning can save people determined to grow suddently rich" - Lord Overstone

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How Chinese Investors Could Send The Tech Boom Into Overdrive

How Chinese Investors Could Send The Tech Boom Into Overdrive

Chinese residents have long-since missed…

Google Takes Aim At Amazon And Alibaba

Google Takes Aim At Amazon And Alibaba

Google has announced that it…

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 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 Junior Gold Miners Daily Chart
GDXJ - on buy signal.


Gold Bugs Index Weekly Chart

Prices are bound by support and resistance, looking for a break either way to determine intermediate direction.

Summary
Long term - on major buy signal.
Short term - on mixed signals.
Gold sector cycle is down.
A correction is in progress.

 

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