This Past Week in Gold

By: Jack Chan | Sat, Feb 27, 2016
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SPDR Gold Trust Shares Daily Chart
GLD - on buy signal.


iShares Silver Trust Daily Chart
SLV - on sell signal.


Market vectors 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 sell signal.


Gold Daily Chart

COT data remains in bear market values and is now at levels of previous tops.

Summary
Long term - on major sell signal since Mar 2012 when $HUI was at 550.
Short term - on mixed signals.
Gold sector cycle - up.
Once a bull market is confirmed in the gold sector, I will begin buying/accumulating at cycle bottoms as we did beginning in 2001.

 


 

Jack Chan

Author: Jack Chan

Jack Chan
www.simplyprofits.org

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