This past week in gold

Jack Chan
Posted Jan 8, 2018

GLD – on buy signal.

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SLV – on buy signal.

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GDX – on buy signal.

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XGD.TO – on buy signal.

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CEF – on buy signal.

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GDXJ – on buy signal.

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Speculation is in bull market values.

Speculation recovered sharply from the lowest level in years.

The breakdown on USD is supportive for overal higher metal prices.

Summary

Long-term – on major buy signal.
Short-term – on buy signals.
Gold sector cycle is up, suggesting that the multi-month correction is complete.
COT data is supportive for overall higher metal prices.
We are holding long-term positions.

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Jan 6, 2018
Jack Chan
Archives
email: jack@simplyprofits.org
website: www.simplyprofits.org

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.

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