This past week in gold

Jack Chan
Posted Mar 19, 2012

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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$HUI finally broke down from the major support at the 500 area and should now become resistance. As long as $HUI stays below 500 by month end, a major sell signal will be confirmed.

Summary

Long term – on major buy signal.
Short term – on sell signals.
Only GLD and CEF are tradable upon new signals and set ups as long as their configs remain bullish.

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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.

End of update

Mar 17, 2012
Jack Chan

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email: jack@simplyprofits.org
website: www.simplyprofits.org

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