This past week in gold

Jack Chan
Posted Feb 9, 2015

GLD – on sell signal.

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SLV – on sell signal.

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GDX – on sell signal.

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XGD.TO – on sell signal.

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CEF – on sell signal.

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As noted in previous analysis, gold continues to make lower highs and this time is no different. Until this trend is reversed, gold is in a bear market and rallies to the 200ema should be sold.

Summary

Long term – on major sell signal since Mar 2012 when $HUI was at 550.
Short term – on new sell signals.
Gold sector cycle – down as of 2/07, ending the up cycle since November.
A bear market rally has completed, short sellers should sell into any bounces.

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Feb 7, 2015
Jack Chan
Archives
email: jack@simplyprofits.org
website: www.simplyprofits.org

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