This past week in gold

Jack Chan
Posted Jul 20, 2015

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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$HUI has broken major support at 150 this week and that is now resistance.

From a long-term perspective, go has a long way to go before major support, and USD has substantial upside before major resistance.

Summary

Long term – on major sell signal since Mar 2012 when $HUI was at 550.
Short term – on sell signals.
Gold sector cycle – down as of 5/16.
Caution is advised, but gold sector could see a tradable bottom in coming weeks.

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Jul 18, 2015
Jack Chan
Archives
email: jack@simplyprofits.org
website: www.simplyprofits.org

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