This past week in gold

Jack Chan
Posted Nov 19, 2012

GLD – on sell signal.

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SLV – new buy signal.

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GDX – on sell signal.

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XGD.TO – on sell signal.

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CEF – new buy signal.

Summary

Long term – on major sell signal.
Short term – on mixed signals.
Gold sector cycle - down as of Oct 13.
Buy signals during a down cycle could be short lived and often fail, caution is advised.

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Nov 17, 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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