This past week in gold

Jack Chan
Posted Dec 1, 2014

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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USD finally broke out of the multi year consolidation and base building, and above the 200ema for the first time in over a decade. This is not supportive for the metals for a long time to come.

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 11/14.
COT data suggests a major bottom is not in yet for the metals.

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Nov 29, 2014
Jack Chan
Archives
email: jack@simplyprofits.org
website: www.simplyprofits.org

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