This Past Week in Gold

By: Jack Chan | Sat, May 14, 2016
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SPDR Gold Trust Shares Daily Chart
GLD - on buy signal.


iShares Silver Trust Daily Chart
SLV - on new sell signal.


VanEck Vectors Gold Miners ETF Daily Chart
GDX - on new sell signal.


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


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


Spot Gold Daily Chart

Speculation remains at an all time high, despite gold having trouble breaking above the 2015 high.

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 - turned down last week.
Caution is advised as a multi week correction may have begun.

 


 

Jack Chan

Author: Jack Chan

Jack Chan
www.simplyprofits.org

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