This Past Week in Gold

By: Jack Chan | Sat, May 11, 2013
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SPDR Gold Trust Shares
GLD - on sell signal.


iShares Silver Trust
SLV - on sell signal.


Market Vectors Gold Miners
GDX - on sell signal.


XGD.TO
XGD.TO - on sell signal.


Central Fund of Canada
CEF - on sell signal.


US Dollar Index

For the benefits of newcomers who are unfamiliar with this long term chart between gold and USD, it is a constant reminder that we must exercise caution when taking on new positions in the gold sector as evidence suggests that gold has peaked and dollar has bottomed for the long term until proven otherwise.


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

 


 

Jack Chan

Author: Jack Chan

Jack Chan
www.simplyprofits.org

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