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This past week in gold

Jack Chan
Posted May 14, 2012

GLD – back to sell signal this week as prices broke down from the consolidation.

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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.

Summary

Long term – on major sell signal.
Short term – on sell signals.
Both long and short term on sell signals and cycle is down. Patience and cash are positions.

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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

May 12, 2012
Jack Chan

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

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