This past week in gold

Jack Chan
Posted Nov 2, 2015

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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Speculation at 157k is the second highest in two years. Looking for a new low in coming weeks.

Summary

Long term – on major sell signal since Mar 2012 when $HUI was at 550.
Short term – on sell signals.
Gold sector cycle – down as of 10/31.
Traders can sell short the bounces during the current down cycle.

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Oct 31, 2015
Jack Chan
Archives
email: jack@simplyprofits.org
website: www.simplyprofits.org

Disclosure
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