This past week in gold

Jack Chan
Posted Mar 19, 2018

GLD – on sell 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 sell signal.

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GDXJ – on buy signal.

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Speculation is in bull market values.

Data is supportive for overall higher prices.

ABX - a major component in the gold indices as well as GDX, had a very high volume day early this month, and has marked a bottom so far.

Summary

Long-term – on major buy signal.
Short-term – on mixed signals, the pullback is at or near completion.
Gold sector cycle is down.
COT data is supportive for overall higher metal prices.
We are holding long-term positions.

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Mar 17, 2018
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.

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