This Past Week in Gold

By: Jack Chan | Sat, Jul 16, 2016
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SPDR Gold Trust Shares Daily Chart
GLD - on buy signal.


iShares Silver Trust Daily Chart
SLV - on buy signal.


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


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


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


US Dollar Index Daily Chart

USD appears to be consolidating in a flag, and should break out soon.

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 now down.
Investors should consider accumulating gold stocks/ETFs at the next cycle bottom.

 


 

Jack Chan

Author: Jack Chan

Jack Chan
www.simplyprofits.org

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