This Past Week in Gold

By: Jack Chan | Sat, Aug 13, 2016
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SPDR Gold Trust Shares Daily Chart
GLD - on sell signal.


iShares Silver Trust Daily Chart
SLV - on sell signal.


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


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


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


VanEck Vectors Junior Gold Miners ETF Daily Chart
GDXJ - on sell signal.


Gold Bugs Index Daily Chart

A correction has morphed into a consolidation, and the longer time it takes, the mightier the eventual breakout.

Summary
Long term - on major buy signal.
Short term - on sell signals.
Gold sector cycle is down.
A major consolidation is in progress.
Holding long for long term gains.

 


 

Jack Chan

Author: Jack Chan

Jack Chan
www.simplyprofits.org

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