This Past Week in Gold

By: Jack Chan | Sat, Aug 15, 2015
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SPDR Gold Trust Shares Daily Chart
GLD - on buy signal.


iShares Silver Trust Daily Chart
SLV - on buy signal.


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


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


Cetral Fund of canada Daily Chart
CEF - on buy signal.


HUI:GLD Weekly Chart

The big trend remains down although we may see another multi month consolidation to begin now.

Summary
Long term - on major sell signal since Mar 2012 when $HUI was at 550.
Short term - on buy signals.
Gold sector cycle - up as of 8/14.
Traders can consider some positions if risks are manageable.

 


 

Jack Chan

Author: Jack Chan

Jack Chan
www.simplyprofits.org

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