This Past Week in Gold

By: Jack Chan | Sat, Sep 5, 2015
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SPDR Gold Trust Shares Daily Chart
GLD - on buy signal.


iShares Silver Trust Daily Chart
SLV - on sell signal.


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


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


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


SPDR Gold Trust Shares Daily Chart 2

GLD bounced from the recent bottom, but capped by resistance so far. Until resistance is broken and a new uptrend established, caution is advised.

Summary
Long term - on major sell signal since Mar 2012 when $HUI was at 550.
Short term - on mixed signals.
Gold sector cycle - down as of 8/28.
Traders can play for short term bounces.

 


 

Jack Chan

Author: Jack Chan

Jack Chan
www.simplyprofits.org

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