This past week in gold

Jack Chan
Posted May 20, 2013

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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From a long term perspective, gold must not close below the 50ema ($1414) on a monthly basis, or a much deeper correction can take prices down to the 200ema($869).

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Summary

Long term - on major sell signal since Mar 2012.
Short term - on sell signals.
Gold sector cycle - down as of 4/05.

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May 18, 2013
Jack Chan
Archives
email: jack@simplyprofits.org
website: www.simplyprofits.org

Disclosure
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