This past week in gold

Jack Chan
Posted Jul 21, 2014

GLD – sell signal this week.

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SLV – sell signal this week.

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GDX – sell signal this week.

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XGD.TO – sell signal this week.

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CEF – sell signal this week.

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The dollar is tracing out an inverted head & shoulder bottoming pattern. A rallying dollar will not be friendly to the metals.

Summary

Long term - on major sell signal since Mar 2012.
Short term - on sell signals.
Gold sector cycle - up as of 6/20.
COT data suggests a top is forming in metal prices.

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Jul 19, 2014
Jack Chan
Archives
email: jack@simplyprofits.org
website: www.simplyprofits.org

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