This past week in gold

Jack Chan
Posted Aug 12, 2013

GLD – on sell signal.

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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 big trend in gold remains firmly down until resistance is broken and support established.

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Summary

Long term - on major sell signal since Mar 2012.
Short term - on mixed signals.
Gold sector cycle - down as of 8/09.

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Aug 10, 2013
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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