This Past Week in Gold

By: Jack Chan | Sat, Sep 3, 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 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.


US Dollar Index Daily Chart
USD is on buy signal.

Summary
Long term – on a major buy signal.
Short term – on sell signals.
Gold sector cycle – is down.
Investors should consider accumulating gold stocks/ETFs at the next cycle bottom as a correction is in progress.

 


 

Jack Chan

Author: Jack Chan

Jack Chan
www.simplyprofits.org

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