This past week in gold

Jack Chan
Posted Apr 6, 2015

GLD – on buy signal.

***

SLV – on buy signal.

***

GDX – on sell signal.

***

XGD.TO – on sell signal.

***

CEF – on buy signal.

***

Some analysts have declared the bear market over in gold stocks. That is premature according to simple trend analysis. Currently $HUI is bouncing from support but until resistance is broken on the upside, the trend remains down and the bear market continues.

Summary

Long term – on major sell signal since Mar 2012 when $HUI was at 550.
Short term – on mixed signals.
Gold sector cycle – down as of 2/07, ending the up cycle since November.

###

Apr 4, 2015
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