This past week in gold

Jack Chan
Posted Jul 28, 2014

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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USD broke out this week confirming the head & shoulder bottom. Can a new gold bull market begin under a rising dollar? History says no.

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 26, 2014
Jack Chan
Archives
email: jack@simplyprofits.org
website: www.simplyprofits.org

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