This Past Week in Gold

By: Jack Chan | Sat, Nov 15, 2014
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SPDR Gold Trust Shares Daily Chart
GLD - new buy signal.

iShares Silver Trust Daily Chart
SLV - new buy signal.

Market Vectors Gold Miners Daily Chart
GDX - new buy signal.

XGD.TO Daily Chart
XGD.TO - new buy signal.

Central Fund of Canada Daily Chart
CEF - new buy signal.

HUI:GLD Daily Chart

Our ratio is close to confirming the new buy signals this week, but not quite.

Long term - on major sell signal since Mar 2012 when $HUI was at 550.
Short term - on new buy signals.
Gold sector cycle - up as of 11/14.
COT data suggests a major bottom is not in yet for the metals.



Jack Chan

Author: Jack Chan

Jack Chan

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.

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