This past week in gold

Jack Chan
Posted Oct 26, 2015

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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Folks, the picture is clear: gold is at another top unless the bear market is over.

And when will the bear market be over? When the lower highs and lower lows are replaced with higher highs and higher lows, and speculation to increase substantially at both intermediate tops and bottoms.

Summary

Long term – on major sell signal since Mar 2012 when $HUI was at 550.
Short term – on buy signals.
Gold sector cycle – up as of 9/11.
Traders can play for short term bounces but upside should be limited from here.

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Oct 24, 2015
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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