This past week in gold

Jack Chan
Posted Feb 11, 2019

Gold sector as represented by $HUI is on a long-term sell signal.
Long-term signals can last for months and are more suitable for investors.

Gold sector as represented by $HUI is on a short-term buy signal.
Short-term signals can last for weeks and are more suitable for traders.

GDX – our gold stock ETF has confirmed bottoms with breakouts.
The trend is up.

Our gold ETF has also confirmed bottoms with breakouts.
The trend is up.

Our ratio between gold and gold stocks is on buy signal.
During an up cycle and an up trend, gold stocks always outperform gold.

The long-term chart of the ratio is now at resistance.
A breakout will confirm that the multi-year correction is over.

USD – on short-term buy signal.
Gold and gold stocks remain firm despite a strong dollar, which is supportive for overall higher prices in the gold sector.

Summary

Long-term – on sell signal.
Short-term – on buy signals.
Gold sector cycle is up.
We are holding positions and staying the course.

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Feb 9, 2019
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