This past week in gold

Jack Chan
Posted Mar 18, 2013

GLD – new buy signal this week.

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SLV – on sell signal.

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GDX – new buy signal this week.

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XGD.TO – new buy signal this week.

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CEF – on sell signal.

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Summary

Long term – on major sell signal.
Short term – on mixed signals.
Gold sector cycle - down as of Oct 13.
COT data is becoming supportive for a multi week rally soon.
We took some small positions this week with tight stops, and may consider further allocations upon new set ups if risks are manageable.

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Mar 16, 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.

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