This Past Week in Gold

By: Jack Chan | Sat, Jul 6, 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.


US Dollar Index Chart
USD - on major buy signal since Nov 2011, and until that changes, the mighty dollar is the preferred currency over gold.


Summary
Long term - on major sell signal since Mar 2012.
Short term - on sell signals.
Gold sector cycle - continues to whipsaw.

 


 

Jack Chan

Author: Jack Chan

Jack Chan
www.simplyprofits.org

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