This past week in gold

Jack Chan
Posted Apr 9, 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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Until the trend on above chart is reversed, gold stocks will continue to under perform.

Summary

Long term – on major sell signal.
Short term – on sell signals.
We remain neutral and out of the gold sector until a cycle bottom and new buy signals.

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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

Apr 7, 2012
Jack Chan

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

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