This past week in gold

Jack Chan
Posted Jan 18, 2016

GLD – on buy signal.

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SLV – on buy signal.

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GDX – on sell signal.

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XGD.TO – on sell signal.

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CEF – on buy signal.

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The long-term trend remains down, stay with it.

Summary

Long term – on major sell signal since Mar 2012 when $HUI was at 550.
Short term – on mixed signals.
Gold sector cycle –down.
Only aggressive and nimble traders should participate in the current market condition.
Preferably, wait for the completion of the recovery and begin shorting again.

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Jan 16, 2016
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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