This Past Week in Gold

By: Jack Chan | Sat, Apr 9, 2016
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SPDR Gold Trust Shares Daily Chart
GLD - on sell 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 buy signal.


Spot Gold Daily Chart

COT data remains in bear market values, and also below the 2015 high at 1300.

Both need to change in order to confirm a new bull market.

Summary
Long term - on a new major buy signal, ending the major sell signal from early 2012.
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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