This past week in gold

Jack Chan
Posted May 12, 2014

GLD – on sell signal.

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SLV – on sell signal.

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GDX – on buy signal.

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XGD.TO – back to sell signal this week.

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CEF – on sell signal.

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Silver is testing multi month support.

Summary

Long term - on major sell signal since Mar 2012.
Short term - on mixed signals.
Gold sector cycle - down as of 3/21, ending the up cycle since 12/27.
COT data is not supportive for higher prices overall.

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May 10, 2014
Jack Chan
Archives
email: jack@simplyprofits.org
website: www.simplyprofits.org

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