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This Past Week in Gold

By: Jack Chan | Saturday, September 15, 2012

SPDR Gold Trust Shares
GLD - on buy signal.


iShares Silver Trust
SLV - on buy signal.


Market Vectors Gold Miners
GDX - on buy signal.


XGD.TO
XGD.TO - on buy signal.


Central Fund of Canada
CEF - on buy signal.


HUI Gold Bugs Index

Long term sell signal - public readers often ask why I think gold stocks are on a long term sell. Buy/sell signals are not my opinions, they are my trading models. $HUI confirmed a major sell signal early this year with a monthly close below 500, and will likely reverse back to a major buy if prices stay firm at current level in coming months. Long term signals are not actionable, they simply suggest whether we should be holding for the long term.


Summary
Long term - on major sell signal.
Short term - on buy signals.

 

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.

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