This past week in gold

Jack Chan
Posted Feb 2, 2015

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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The mighty dollar had a major breakout after seven years of base building and a twenty year bear market, but many analysts continue to shun the greenback, which reminds me much of the early gold bull market in 2001 and 2002.

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.

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Jan 31, 2015
Jack Chan
Archives
email: jack@simplyprofits.org
website: www.simplyprofits.org

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