This past week in gold

Jack Chan
Posted Jun 20, 2016

GLD – on buy signal.

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SLV – on buy signal.

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GDX – on buy signal.

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XGD.TO – on buy signal.

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CEF – on buy signal.

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Speculation according to COT data made another new high this week, but prices remain below the 2015 high of 1306.

Summary

Long term – on a new major buy signal, ending the major sell signal from early 2012.
Short term – on buy signals.
Gold sector cycle – is up.
The metals are vulnerable to a multi-week correction, which is long overdue. Caution is advised.

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Jun 18, 2016
Jack Chan
Archives
email: jack@simplyprofits.org
website: www.simplyprofits.org

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