This past week in gold

Jack Chan
Posted Aug 8, 2016

GLD – on sell signal.

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SLV – on sell signal.

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GDX – on buy signal.

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XGD.TO – on buy signal.

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CEF – on sell signal.

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We have a non-confirmation this week as prices made a new high while indicator made a low high. This is common during a topping process.

Summary

Long term – on a new major buy signal, ending the major sell signal from early 2012.
Short term – on mixed signals.
Gold sector cycle – is now down.
Investors should consider accumulating gold stocks/ETFs at the next cycle bottom.

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Jul 30, 2016
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.

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