This past week in gold

Jack Chan
Posted Jan 2, 2012

Season's greetings from all of us to all of you, wishing you peace and profits wherever you are!

GLD – on sell signal.

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SLV – on sell signal.

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GDX – on sell signal.

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XGD.TO – on sell signal.

CEF – on sell signal.

Summary

Long term – on major buy signal.
Short term – on sell signals.
Gold cycle is at levels of previous bottoms, therefore, new buy signals and set ups are actionable if risks are manageable.

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Disclosure
We do not offer predictions or forecasts for the markets. What you see here is our simple trading model which provides us the signals and set ups to be either long, short, or in cash at any given time. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets. Trade at your own discretion.

We also provide coverage to the major indexes and oil sector.

End of update

Dec 31, 2011
Jack Chan

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email: jack@simplyprofits.org
website: www.simplyprofits.org

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