This past week in gold

Jack Chan
Posted Jul 23, 2012

GLD – on buy signal.
Buy/sell signal within a consolidation are potential whipsaws.

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SLV – on buy 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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The ratio between gold and gold stocks has been a reliable leading indicator for us since 2003, and it continues to work beautifully. Until this intermediate trend reverses (up), any buy signals or set ups could be premature.

Summary

Long term – on major sell signal.
Short term – on mixed signals.

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Jul 21, 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.

321gold Ltd