This past week in gold

Jack Chan
Posted Aug 25, 2014

GLD – back to sell signal this week.

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SLV – on sell signal.

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GDX – back to sell signal this week.

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XGD.TO – back to sell signal this week.

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CEF – on sell signal.

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The inverted head & shoulder bottom has yet to materialize as prices have trouble breaking resistance so far.

Summary

Long term - on major sell signal since Mar 2012.
Short term - on sell signals.
Gold sector cycle - down as of 8/8.
COT data suggests a top is in for the metals.

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Aug 23, 2014
Jack Chan
Archives
email: jack@simplyprofits.org
website: www.simplyprofits.org

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