This past week in gold

Jack Chan
Posted Dec 28, 2015

GLD – on buy signal.

***

SLV – on buy signal.

***

GDX – on buy signal.

***

XGD.TO – on buy signal.

***

CEF – on buy signal.

***

The long-term trend remains down, stay with it.

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.

###

Dec 26, 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.

We also provide coverage to the major indexes and oil sector.

321gold Ltd