This past week in gold

Jack Chan
Posted Aug 20, 2012

GLD – on buy signal.
Price testing 200ema again.

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SLV – on buy signal.
Consolidation continues.

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GDX – on buy signal.

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XGD.TO – on buy signal.

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CEF – on buy signal.

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$HUI on long term sell signal since early this year.

Some public readers have requested a long term chart showing the major sell signal and here it is. I will post this chart periodically.

Long term signals are not suitable for short term trading, but for investors to either lighten up on their long term holdings, or to provide a hedge to manage risk.

Summary

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

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Aug 18, 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.

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