This past week in gold

Jack Chan
Posted Sep 17, 2012

GLD – on buy signal.

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SLV – on buy 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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Long term sell signal – public readers often ask why I think gold stocks are on a long term sell. Buy/sell signals are not my opinions, they are my trading models. $HUI confirmed a major sell signal early this year with a monthly close below 500, and will likely reverse back to a major buy if prices stay firm at current level in coming months. Long term signals are not actionable, they simply suggest whether we should be holding for the long term.

Summary

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

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Sep 15, 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.

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