This past week in gold

Jack Chan
Posted Oct 20, 2014

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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We have another divergence this week. Divergences often lead to sharp sell offs.

Summary

Long term – on major sell signal since Mar 2012.
Short term – on mixed 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 18, 2014
Jack Chan
Archives
email: jack@simplyprofits.org
website: www.simplyprofits.org

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