This past week in gold

Jack Chan
Posted Jan 28, 2013

GLD – on buy signal.

***

SLV – on buy signal.

***

GDX – back to sell signal this week.

***

XGD.TO – back to sell signal this week.

***

CEF – on buy signal.

***

Summary

Long term – on major sell signal.
Short term – on mixed signals.
Gold sector cycle - down as of Oct 13.
COT data - currently not supportive of a new up cycle, caution is advised.

###

Jan 26, 2013
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