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This past week in gold

Jack Chan
Posted Jan 2, 2017

GLD – on buy signal.

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SLV – on sell signal.

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GDX – on buy signal.

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XGD.TO – on buy signal.

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CEF – on buy signal.

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Trend remains down.

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.

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Dec 31, 2016
Jack Chan
Archives
email: jack@simplyprofits.org
website: 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.

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