This Past Week in Gold

By: Jack Chan | Sat, May 18, 2013
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SPDR Gold Trust Shares Chart
GLD - on sell signal.


iShares Siver 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.


Gold Chart

From a long term perspective, gold must not close below the 50ema ($1414) on a monthly basis, or a much deeper correction can take prices down to the 200ema ($869).

Summary
Long term - on major sell signal since Mar 2012.
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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