This past week in gold

Jack Chan
Posted Oct 6, 2014

GLD – on sell signal.

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SLV – on sell 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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Some folks have been watching the dollar rising sharply in disbelief during the past few weeks, which is not friendly to the metals. No surprise to us as we noted the double bottom in USD in 2011 as gold peaked at the same time.

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 tradable bottom is not in yet for the metals.

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Oct 4, 2014
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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