This past week in gold

Jack Chan
Posted Jan 26, 2015

GLD – on buy signal.

***

SLV – on buy signal.

***

GDX – on buy signal.

***

XGD.TO – on buy signal.

***

CEF – on buy signal.

***

COT data reveals the sentiment of speculation in clear numbers.
Sentiment at bull market tops and bottoms is decisively different than sentiment at bear market tops and bottoms.

Summary

Long term – on major sell signal since Mar 2012 when $HUI was at 550.
Short term – on buy signals.
Gold sector cycle – up as of 11/14.
A bear market rally is in progress but upside should be limited.
COT data suggests lower metal prices overall going forward.

###

Jan 24, 2015
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.

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

321gold Ltd