This past week in gold

Jack Chan
Posted Dec 7, 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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Speculation is now at the lowest level since 2001, primed for a recovery over the next few weeks.

However, the long term trend remains down, with a multi month consolidation in progress.

Summary

Long term – on major sell signal since Mar 2012 when $HUI was at 550.
Short term – on buy signals.
Gold sector cycle – down as of 10/30.
Only aggressive and nimble traders should participate in the current market condition.
Preferably, wait for the completion of the recovery and begin shorting again.

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Dec 5, 2015
Jack Chan
Archives
email: jack@simplyprofits.org
website: www.simplyprofits.org

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