This Past Week in Gold

By: Jack Chan | Sat, Oct 15, 2016
Print Email

SPDR Gold Trust Shares Daily Chart
GLD - on sell signal.


iShares Silver Trust Daily Chart
SLV - on sell signal.


VanEck 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.


Gold Daily Chart

COT data is now favorable for a recovery.

Summary
Long term - on major buy signal.
Short term - on sell signals.
Gold sector cycle - is down.
Trend is down.
Correction continues but can end soon.

 


 

Jack Chan

Author: Jack Chan

Jack Chan
www.simplyprofits.org

Disclosure:
We do not offer predictions or forecasts for the markets. What you see here is our simple trading model which provides us the signals and set ups to be either long, short, or in cash at any given time. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets. Trade at your own discretion.

We also provide coverage to the major indexes and oil sector.

Copyright © 2011-2017 Jack Chan

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com