This past week in gold

Jack Chan
Posted Jun 25, 2012

GLD – back to sell signal this week.

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SLV – back to sell signal this week.

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GDX – back to sell signal this week.

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XGD.TO – back to sell signal this week.

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CEF – on buy signal.

Summary

Long term – on major sell signal.
Short term – on mixed signals.
Most ETFs are back on sell signals this week. Counter trend trades often fail and that is why unless risks are manageable, we remain in cash often during a major sell signal and when configs are bearish.

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Jun 23, 2012
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.

We also provide coverage to the major indexes and oil sector.

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