This Past Week in Gold

By: Jack Chan | Sat, Apr 13, 2013
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SPDR Gold Trust Shares Chart
GLD - on sell signal.


iShares Silver Trust Chart
SLV - on sell signal.


Market Vectors Gold Miners Chart
GDX - on sell signal.


XGD.TO Chart
XGD.TO - on sell signal.


Central Fund of Canada Chart
CEF - on sell signal.


Summary
Long term - on major sell signal.
Short term - on sell signals.
Gold sector cycle - down as of 4/05.

Some readers emailed me and asked why I have been so conservative in the gold sector.

Here is a long term chart which I post to my website for subscribers periodically, as a reminder that the major trend in gold and USD have changed, and until they are reversed once again, be cautious.

US Dollar Index Chart

 


 

Jack Chan

Author: Jack Chan

Jack Chan
www.simplyprofits.org

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