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This past week in gold

Jack Chan
Posted Mar 3, 2014

GLD – on buy signal.

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SLV – on buy signal.
Prices rejected at 200ema resistance with a gap down this week.

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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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There is a divergence in place which prompted a sharp pullback this week.

Summary

Long term - on major sell signal since Mar 2012.
Short term - on buy signals.
Gold sector cycle - up as of 12/27.

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Mar 1, 2014
Jack Chan
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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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