This Past Week in Gold

By: Jack Chan | Sat, Dec 3, 2016
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SZPDR Gold Trust Daily Chart
GLD - on sell signal.


iShares Silver Trust Daily Chart
SLV - on sell signal.


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


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


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


US Dollar Index Monthly Chart
USD broke out from the two year long consolidation. A strong dollar is not friendly to the precious metals.

VanEck Vectors Gold Miners ETF Weekly Chart

Trend remains down.

Summary
Long term - on major buy signal.
Short term - on mixed signals.
Gold sector cycle is now up.
Trend is down.
A counter trend bounce is in progress.

 


 

Jack Chan

Author: Jack Chan

Jack Chan
www.simplyprofits.org

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