This Past Week in Gold

By: Jack Chan | Sat, Jun 11, 2016
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SPDR Gold Trust Shares Daily Chart
GLD - on buy signal.

iShares Silver Trust Daily Chart
SLV - on buy signal.


VanEck 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.


US Dollar Daily Chart

USD - is now bound by support and resistance. A break either way will set the direction in coming weeks and months.

Summary
Long term - on a new major buy signal, ending the major sell signal from early 2012.
Short term - on buy signals.
Gold sector cycle - is up.
FOMC next week and Brexit the week after will likely make or break the dollar, thus affecting the metals

 


 

Jack Chan

Author: Jack Chan

Jack Chan
www.simplyprofits.org

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