This past week in gold

Jack Chan
Posted May 25, 2015

GLD – on buy signal.

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SLV – on buy signal.

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GDX – on sell signal.

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XGD.TO – on buy signal.

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CEF – on buy signal.

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Gold stocks remained locked in a major down trend and until this trend is reversed, buyers beware.

According to COT data, silver is making another top with much lower prices in coming weeks.

Summary

Long term – on major sell signal since Mar 2012 when $HUI was at 550.
Short term – on mixed signals.
Gold sector cycle – down as of 5/16.
Caution is advised.

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May 23, 2015
Jack Chan
Archives
email: jack@simplyprofits.org
website: www.simplyprofits.org

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.

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