This past week in gold

Jack Chan
Posted Sep 7, 2015

GLD – on buy 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 buy signal.

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GLD bounced from the recent bottom, but capped by resistance so far. Until resistance is broken and a new uptrend established, caution is advised.

Summary

Long term – on major sell signal since Mar 2012 when $HUI was at 550.
Short term – on mixed signals.
Gold sector cycle – down as of 8/28.
Traders can play for short term bounces.

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Sep 5, 2015
Jack Chan
Archives
email: jack@simplyprofits.org
website: www.simplyprofits.org

Disclosure
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