This past week in gold

Jack Chan
Posted May 16, 2016

GLD – on buy signal.

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SLV – on new sell signal.

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GDX – on new sell signal.

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XGD.TO – on buy signal.

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CEF – on buy signal.

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Speculation remains at an all time high, despite gold having trouble breaking above the 2015 high.

Summary

Long term – on a new major buy signal, ending the major sell signal from early 2012.
Short term – on mixed signals.
Gold sector cycle – turned down last week.
Caution is advised as a multi-week correction may have begun.

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May 14, 2016
Jack Chan
Archives
email: jack@simplyprofits.org
website: www.simplyprofits.org

Disclosure
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