This Past Week in Gold

By: Jack Chan | Sun, Jan 1, 2017
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SPDR Gold Trust Shares Daily Chart
GLD - on buy signal.


iSheres Silver Trust Daily Chart
SLV - on sell signal.


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

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


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


VanEck Vectors Gold Miners ETF Weekly Chart
Trend remains down.


US Dollar Index Monthly Chart

USD - the long term buy signal from 2011 remains in effect.

Summary
Long term - on major buy signal.
Short term - on mixed signals.
Gold sector cycle is up.
Trend is down.
We remain neutral and out of this sector until conditions are favorable for long term accumulations.

 


 

Jack Chan

Author: Jack Chan

Jack Chan
www.simplyprofits.org

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